Semiconductor Sovereignty: Strategies to Reshore Chip Manufacturing and Research
This Act directs the US Department of Commerce to prepare detailed reports on strategies for increasing domestic manufacturing and research of semiconductors and related technologies. The goal is to identify vulnerabilities in supply chains and develop plans, including tax incentives, to encourage companies to bring production back to the US. This effort aims to strengthen national security and economic stability, indirectly impacting the availability and cost of everyday electronics.
Key points
The government will study how to secure the supply chains for critical electronic components (chips) essential for phones, cars, and military equipment.
Strategies, including financial and tax incentives, will be developed to encourage chip manufacturing companies to return to the United States.
The analysis will cover risks associated with foreign entities, including adversaries, acquiring American technology and intellectual property.
Status:
Introduced
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