The US Department of Commerce wants the States to be independent of the Taiwanese chip industry. Commerce Secretary Gina Raimondo believes it’s important to implement the Creating Helpful Incentives to Produce Semiconductors (CHIPS) as quickly as possible.
According to the ministry, the US is too dependent on the Taiwanese chip industry. Should access to the industry be restricted due to geopolitical or other strategic reasons, the consequences could be severe, said US Commerce Secretary Gina Raimondo in a recent interview.
Approximately 90 percent of all processors are produced in Taiwan. TSMC has an enormous market share. Well-known US clients are Apple, Nvidia, AMD and Qualcomm.
According to Raimondo, it’s important that the American parliament adopts and implements the proposed CHIPS Act as soon as possible. This law instates a support program of approximately €51 billion ($52 billion) to stimulate and expand the US chip industry.
The Act offers various incentives for constructing new chip factories. If adopted, the benefits may take years to find their way to various manufacturers.