US chip output to see massive growth by 2032: Industry leader [Yahoo! Finance]
Intel Corporation (INTC)
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Source: Yahoo! Finance
The Biden administration sought to expand domestic chip productions via the CHIPS Act by awarding grants to chipmakers Intel INTC ), T aiwan Semiconductor Manufacturing Company TSM ), and Samsung 005930.KS ) in recent months. SIA CEO and President John Neuffer joins Yahoo Finance's Akiko Fujita to review the expected growth for chip fabrication and foundry businesses through the CHIPS Act investments into the private sector. "It took us decades to get to this point," Neuffer discloses. "The two big numbers that I find most interesting coming out of this report are what would our global manufacturing footprint be without the CHIPS Act and would've fallen to 8%. With the CHIPS Act, it's at 14%. That's nearly the double the positive result. So... it's gonna take us years to kind of climb back. But with the CHIPS Act and with all these private sector investments, we absolutely turned the corner and are heading now in, in the right direction." Neuffer broadly estimates that without t
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