Chip giants threaten to scale back U.S. expansion without subsidies - Nikkei Asia

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Chip giants threaten to scale back U.S.

SemiconductorsChip giants threaten to scale back U.S.U.S.

President Joe Biden meets with business leaders to discuss legislation about manufacturing more semiconductor chips in America in Washington D.C.on March 9.PALO ALTO, U.S.-- American and Asian chipmakers are warning that they will have to delay or scale back investment in the U.S.due to Washington's continued failure to fund the $52 billion CHIPS Act aimed at boosting the domestic semiconductor industry.

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Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Scale Giants Business Review Washington Semiconductor Asian Chips Threaten Nikkei Content

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 02:15:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 1 minutes read

Article Length: 156 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 30152

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