NDAQ:AAON - Post Discussion
Aaon Inc
> Demand for "clean room" application to grow.
Post by
bogfit on Oct 13, 2022 9:51am
Demand for "clean room" application to grow.
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The CHIPS Act directs $280 billion in spending over the next ten years. The majority—$200 billion—is for scientific R&D and commercialization. Some $52.7 billion is for semiconductor manufacturing, R&D, and workforce development, with another $24 billion worth of tax credits for chip production. There is $3 billion slated for programs aimed at leading-edge technology and wireless supply chains. Given the scale of investment required, building new semiconductor fabrication plants will take more than government funding. Private investment is needed too. Under the CHIPS Act, taxpaying entities receive a 25 percent advanced manufacturing investment tax credit for investments in semiconductor manufacturing and processing equipment—an outlay the Congressional Budget Office estimates will cost $24 billion over five years." The CHIPS and Science Act: What is it and what is in it? | McKinsey "When the CHIPS Act became law, it spurred a wave of investment announcements by semiconductor companies, including Micron, which at the time pledged $40 billion through 2030 for U.S. chip manufacturing, saying it would create up to 40,000 domestic jobs. Qualcomm also committed to buying an additional $4.2 billion worth of chips from GlobalFoundries’ plant in New York. Intel had said its plans to invest up to $100 billion in chip manufacturing in Ohio relied heavily on the federal legislation." Micron to spend up to $100 billion to build New York chip plant (cnbc.com) b.
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