There has been growing frustration in the US related to the slow rollout and distribution of allocated funding to the semiconductor industry under the 2022 CHIPS and Science Act, with further concerns growing post-presidential election.
Lita Shon-Roy, President, founder, and CEO of California-based TECHET, shared the apprehensions in a recent interview with gasworld, in which she said that both chip companies and government want to see investments happen sooner rather than later.
So, with the policies and proposed funding announced and a huge target to grow domestic semiconductor manufacturing in place, why is the uptake being stalled?
“In 2024, the semiconductor industry experienced a year of market correction—a typical down cycle that happens every three to four years,” Shon-Roy said. “This was driven by normal industry patterns, but the softer global economy also played a role in amplifying the downturn.”
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