San Francisco —  The US chip industry said it needs as much as $50bn in federal incentives to halt a decades-long trend of manufacturing moving overseas as China spends heavily to become a leading semiconductor producer.

The federal government needs to deploy $20bn to $50bn to make the US as attractive a location for plants as Taiwan, China, South Korea, Singapore, Israel and parts of Europe, the Semiconductor Industry Association (SIA) said in a study released Wednesday. Failure to do that threatens US leadership of the sector as a whole, it added...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now