According to the law, the production of semiconductors in the USA is to be boosted with 52 billion dollars (almost 51 billion euros). A large part of the money also flows into research and development.
The US hardware manufacturer Micron announced investments of 40 billion dollars in semiconductor production in the USA shortly before the law was signed. The company did not initially name locations for new plants. However, it plans to "start production in the second half of the decade".
Biden welcomed the announcement. "Two other companies, GlobalFoundries and Qualcomm, announced yesterday a $4 billion partnership to manufacture semiconductors in the US that would otherwise have gone overseas," he said.
The demand for semiconductors rose sharply during the corona pandemic, which - exacerbated by plant closures in China due to lockdowns there - led to global bottlenecks. The US economy, whose share of global semiconductor production had fallen sharply in favor of Asia in recent years, suffered particularly badly.
