Chip investment decisions await Congress’ $ 52 billion financing bill

Political strife in Congress over government funding for the semiconductor industry leaves tens of billions of dollars of potential factory projects hanging in limbo and could lower the ambitions of some political leaders and industry leaders to recharge America’s ability to make chips.

Several companies are waiting for Congress to pass a $ 52 billion incentive package for chip production and research before committing to a significant expansion effort, according to the company’s executives and funding proposal documents. The expansion plans were expected to receive some of their funding from the grant package, which had early bipartisan support in Congress and has been supported by the Biden administration.

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