According to media reports, the Semiconductor Industry Association (SIA) is seeking approval from the US federal government for a US$37 billion subsidy draft to safeguard the US semiconductor industry's competitiveness, including subsidies for new chip factories, aid states seeking to attract semiconductor investment, and increase research funding.
The report pointed out that of the $37 billion in federal grants, $5 billion will be used to build a new semiconductor factory, which will be joint ventures and operations by the government and private enterprises; $15 billion will be used as a comprehensive subsidy for each state to help each state attract investment to set up factories; the remaining $17 billion will be used for research and development. At the same time, the report also mentioned that the new plant with an investment of $5 billion is likely to be a joint venture with Intel.
The report said that the SIA called for hope to gain bipartisan support for the proposal. At the same time, Republican and Democratic senators are formulating a bill that will allocate $110 billion to technology expenditures including semiconductor research.
According to a recent report released by SIA, in 2019, the United States has 47% of the global semiconductor market share, reaching 193 billion US dollars, and the market share of other countries with advanced semiconductor technologies is between 5% and 19%. At the same time, SIA also stated that the Asia-Pacific region is the largest semiconductor market, of which China accounts for 56% of the Asia-Pacific market and 35% of the global market.