Benefits of the US Semi Conductor Bill

What is happening? Congress is working on a federal semi conductor bill to promote US manufacturing of semi conductors. The US Senate approved  $54.2 billion in subsidies to expand semiconductor production and other technology initiatives.

Why is this important? Samsung announced its $17 billion semi conductor manufacturing facilities in Taylor Texas could expand to  $192 billion to build 11 fabrication plants, creating a total of 10,000 job.

How will this be important? The ultimate goal is to lessen foreign supply chain issues that have been plaguing 2021 and 2022.

Route Fifty | Why Cities and Towns See a Huge Economic Opportunity in the Semiconductor Bill