The chip industry government support plan is set to include funding of R&D and production and the establishment of national programs. The $52 billion five-year plan pales in comparison to South Korea’s intention to support its semiconductor industry with $450 billion over the next 10 years.

The chip industry supporting bill will be a part of a bigger $110 billion effort to fund U.S. technology research in a bid to better compete with China.

Source: Tom’s Hardware

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