March 16 (Reuters) – Chipmakers across the globe are pouring billions of dollars in investment to set up new plants, encouraged by the rising use of semiconductors in everyday devices and generous subsidies from the U.S. and European Union aimed at keeping the West ahead of China in the race for cutting-edge technology.
The European Commission has earmarked 15 billion euros for public and private semiconductor projects by 2030, while U.S. President Joe Biden’s administration passed the CHIPS Act last year to make over $52-billion worth of subsidies available for the American semiconductor industry.
The Act deters companies using U.S. funds from undertaking any big expansions of overseas semiconductor manufacturing facilities in “countries of concern” such as China for 10 years, with some exceptions.
India, Taiwan and South Korea have also offered incentives such as tax breaks to boost domestic chip production.
Below are some of the chipmakers’ plans for factories in Europe, North America and Asia:
Reporting by Antonis Pothitos in Gdansk, Tiyashi Datta, Chavi Mehta and Aditya Soni in Bengaluru; editing by Josephine Mason, Mark Potter and Krishna Chandra Eluri
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