Article Author:
Washington — Semiconductor Manufacturer The heads of GlobalFoundries and Applied Materials, and automakers Ford and General Motors are set to meet Monday at a closed-door summit with U.S. government officials to discuss government plans for semiconductor investments. did.
On Tuesday, President Joe Biden will sign legislation to subsidize the US semiconductor industry and step up efforts to make the US more competitive with China. The bill provides his $52 billion in subsidies for chip manufacturing and research. It also includes chip factory investment tax credits estimated at $24 billion.
Thomas Caulfield, CEO of GlobalFoundries, said in a statement that the Chip Act "will help the American economy, supply, and economy by accelerating semiconductor manufacturing on American soil." It protects the chain and national security."
The legislation is intended to alleviate persistent shortages affecting supplies of goods ranging from cars and weapons to washing machines and video games. As shortages continue to affect automakers, thousands of cars and trucks remain parked in southeastern Michigan waiting for tips.
The two companies gathered government officials at the summit to discuss "how these public investments will accelerate the production of semiconductors and emerging technologies and prepare the supply of chips, including feature-rich chips." We will discuss whether we can support the electrification of automobiles through , and strengthen the U.S. economy, supply chains, and national security.
White House National Economic Council Director Brian Deeds, Undersecretary of Defense for Acquisitions William LaPlante, and National Security Council Official Tarun Chabra were expected to attend.
Ford CEO Jim Farley said in a statement, "A reliable domestic supply of chips, including legacy semiconductors, needed by the automotive and defense industries is dependent on American manufacturing. It will keep the line alive." (Reporting by David Shepardson, Editing by Peter Graff)
