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Dubai News Club > Tech > President Joe Biden’s $39 billion semiconductor project is open for business
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President Joe Biden’s $39 billion semiconductor project is open for business

Press Room
Last updated: 2023/02/28
Press Room
Published: February 28, 2023
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The Biden administration launched its massive effort to outcompete China in semiconductor manufacturing Tuesday, offering $39 billion in funding incentives for companies seeking to build manufacturing plants in the US.

Authorized by the CHIPS and Science Act last year, the Commerce Department opened the application process Tuesday for companies jockeying for a share of the funding. This first round prioritizes applicants seeking to build domestic chip manufacturing facilities that can ensure…

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