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2025-04-012025-04-011111100
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2025-04-012025-04-011111100
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US urges increased semiconductor investments amid Chips Act funding challenges

Commerce Secretary Howard Lutnick is urging companies benefiting from federal semiconductor subsidies to boost their investments in the US, seeking tens of billions more without increasing the $52 billion from the 2022 Chips and Science Act. This push follows TSMC's commitment of an additional $100 billion to US facilities, with potential consequences for companies that do not expand their plans. Lutnick is also looking to enhance the Chips Act’s 25% tax credit, which would require Congressional approval, while delays in fund disbursements have left firms like Wolfspeed Inc. in limbo.
Tech in Asia
United States Dollar Taiwan Semiconductor Manufacturing Co Ltd Wolfspeed Inc TWN USA Howard Lutnick Donald Trump
Finance & Economy, News Article
08:20 01.04.2025
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