U.S. Chip Act Should Include Foreign Firms, Trade Group Says
- SEMI chair says chip industry needs suppliers from everywhere
- Incentives for industry should include entire ecosystem
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A major trade group urged Washington to make a $52 billion grant for the semiconductor industry available to foreign companies as well as domestic ones.
In order to build a strong ecosystem at home, non-U.S. chipmakers including Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. should be eligible for the funding, said Bertrand Loy, chairman of SEMI, which counts 2,400 of the industry’s firms as members. TSMC and South Korea’s Samsung, the world’s largest foundries, are already building new plants in America to add capacity in the country.