Industry Group Calls for More US Investment in Chip Design

Industry Group Calls for More US Investment in Chip Design
Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer, on Feb. 25, 2022. Reuters/Florence Lo/Illustration/File Photo
Greg Isaacson
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The U.S. government enacted a massive bill earlier this year directing more than $52 billion in federal investment into semiconductor research and manufacturing, with the goal of strengthening local supply chains and countering China’s rising clout in the important high-tech sector. But an industry group is calling for tens of billions in additional funding, saying more investment is needed to shore up America’s flagging dominance of chip design.

In a recent report (pdf), the Washington, D.C.-based Semiconductor Industry Association (SIA) and the Boston Consulting Group argued that federal investment of around $20–30 billion in chip design and research and development (R&D) through 2030 will help the United States maintain its current leadership of the semiconductor design industry. That sum includes $15–20 billion for an investment tax credit focused on chip design.
Greg Isaacson
Greg Isaacson
Author
Greg Isaacson spent 7 years in China and Thailand researching and reporting on business and real estate in Asia, with a focus on commercial real estate in Chinese-speaking markets as well as outbound investment from China. He has also worked as a real estate research analyst in Chicago and a real estate reporter in New York.
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