The US semiconductor manufacturer, Wolfspeed is investing $1 billion for a new facility at the Marcy Nanocenter in New York, a move welcomed by US Senators Kirsten Gillibrand and Charles Schumer. The senators are urging Congress to pass the U.S. Innovation and Competition Act that includes $52 billion for the CHIPS for America Act. This legislation aims to boost the domestic semiconductor industry to counter foreign competition, especially from China. The senators believe Wolfspeed’s investment will create jobs, foster innovation, and secure the US’ semiconductor supply chain.
Don’t miss out on the full story behind Wolfspeed’s significant investment in New York and how it plays into larger policy considerations. To learn more about how this move impacts the semiconductor industry, job creation, and US competition with China, as well as the crucial role of the U.S. Innovation and Competition Act and the CHIPS for America Act, click the link below.