The semiconductor industry has long been a key driver of global economic growth. Amid increasing competition for leadership in advanced technologies, the United States is taking steps to secure its technological independence. This week, former President Donald Trump signed an order aimed at revamping the CHIPS Act program, which could lead to significant shifts in the strategy for the semiconductor sector's development.
On Monday, a significant event occurred in the realm of American semiconductor manufacturing President Donald Trump signed an executive order creating a new organization tasked with managing the CHIPS Act program. This initiative aims to accelerate corporate investments in the United States and bolster domestic chip production.
Wolfspeed shares, a leading semiconductor manufacturer, experienced a dramatic 50% decline last Friday, marking their lowest point since 1998. The primary reason for this drop is the uncertainty surrounding funding under legislation introduced by the Biden administration. Known as the 2022 U.S. CHIPS Act, this bill promises significant subsidies for developing domestic microchip production, yet its implementation is hindered by bureaucratic and financial challenges.
In recent years, the semiconductor industry has become a crucial element of the global economy. The development of the Chips Act 2023 highlights the European Union's commitment to solidifying its position in this critically important sector. Programs and initiatives aimed at supporting chip manufacturers have become central topics of discussion among key market players.
