US chip group: $52b is not enough, we need an extra $30b in federal funding
To stop US from further ceding its leadership, the report argues for investing as much as $30 billion in the private chip design sector over the next eight years, with up to $20 billion consisting of tax incentives. SIA estimates this could result in additional design-related sales of about $450 billion over the next decade while also supporting roughly 23,000 new design jobs, all putting the US in line with other regions.
Recall that it took Congress more than a year to approve $52 billion in subsidies to boost domestic chip manufacturing.
That said, Matt Johnson, chair of the Semiconductor Industry Association, thinks now is the right time to talk about chip designers getting their share of taxpayer dollars: Building on the momentum from the recent enactment of the CHIPS and Science Act to strengthen domestic semiconductor manufacturing and research, leaders in Washington should increase focus on maintaining and even extending our semiconductor design leadership that is so fundamental to our country's future.in the House of Representatives. ®
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