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Business Report: Boosting manufacture of semiconductors

CHIPS Act would give $52B in subsidies to companies looking to build domestic chip plants

07/25/2022

NJ Spotlight News

Business Report: Boosting manufacture of semiconductors

Clip: 7/25/2022 | 2m 55sVideo has Closed Captions

CHIPS Act would give $52B in subsidies to companies looking to build domestic chip plants

U.S. Sen. Bob Menendez and several New Jersey business leaders on Monday urged Congress to approve a bill to encourage semiconductor manufacturing in the U.S. At a press conference at Port Newark, they voiced support for legislation known as the CHIPS Act, which would provide $52 billion in subsidies to companies looking to build domestic chip plants.

07/25/2022

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