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Semiconductor makers wait for checks one year on

August 9, 2023
Source: cnbc.com cnbc.com
News Snapshot:
Raimondo said the Department of Commerce has received "over 460 statements of interest from companies around the world" hoping to be awarded federal funding for their projects. That's an increase from the agency's last update, which had that figure at "nearly 400." The federal subsidies are meant to help offset the higher cost of building these manufacturing hubs, but so far, no funding set aside by the legislation has been awarded. The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America and in turn, improve national security by decreasing reliance on foreign countries. The...
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