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  3. In recent months, the US has instituted the widest restrictions ever on what chips can be sold to China and who can work for Chinese companies. At the same time, it has targeted the supply side of the chip industry, introducing generous federal subsidies to attract manufacturing back to the US.
    www.technologyreview.com/2023/01/03/1065959/whats-next-chip-industry-2023/
    www.technologyreview.com/2023/01/03/1065959/whats-next-chip-industry-2023/
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    What do we know about new chip manufacturing facilities in America?Everything we know about new chip manufacturing facilities in America. The U.S. share of global semiconductor manufacturing capacity has decreased from 37% in 1990 to 12% in 2021, according to the Semiconductor Industry Association (SIA), but some 47% of the chips sold worldwide are designed in the U.S.
    What's new with the chips Act?The Department of Commerce launched the first funding opportunity for the $39 billion in semiconductor manufacturing incentives provided in the Act just six months after CHIPS was passed.
    Why are chips so important in 2022?By 2022, chips were considered so strategically important that the US government passed the CHIPS Act, authorising roughly $280bn (£222.7bn) in new funding to boost domestic research and manufacturing of semiconductors in the United States, of which it appropriates $52.7bn. Read more: Why you could pay more tax in 2024 – and five ways to avoid it
    Why do chip companies need new funding?The new funding is intended to help companies bring chip manufacturing back to the US and, as a result, help lower costs and prevent supply chain disruptions. The current global chip shortage has limited production of new vehicles, for example, leaving Americans facing stubbornly high car prices.
     
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