indie Semiconductor Applauds Progress on CHIPS Act Legislation
July 25, 2022 | Business WireEstimated reading time: 1 minute
indie Semiconductor, an Autotech solutions innovator, announced support for the United States Senate’s latest action in progressing legislation that is designed to incentivize investment in the nation’s semiconductor industry.
Last week the U.S. Senate voted 64 to 34 to advance the ‘Creating Helpful Incentives to Produce Semiconductors’ (CHIPS) Act. This legislation currently promises over $50 billion for semiconductor manufacturing incentives and research investments as well as offers an additional 25% tax credit for facilities that produce semiconductors or semiconductor manufacturing equipment.
“The latest progress on the CHIPS Act is encouraging news for companies such as indie that are at the forefront of semiconductor development,” said Donald McClymont, indie’s co-founder and CEO. “Specifically, this bill represents a significant step forward for innovative U.S. fabless and integrated device manufacturing companies with benefits ranging from R&D subsidies to incentives for expanded fabrication capacity. The unprecedented strategic investments contemplated at the federal and state levels would bolster indie’s hiring plans to support strong Autotech customer demand and improve our supply chain flexibility.”
The next step in advancing the CHIPS Act will involve final Senate approval and a subsequent vote for the measure in the U.S. House of Representatives, after which it can be submitted to President Biden for signing into law.
Suggested Items
Real Time with… IPC APEX EXPO 2024: Tools, Training, and Trends in Manufacturing Engineering
04/25/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and Product Specialist Erik Bateham of Polar Instruments discuss Polar's latest technology, including their role in aiding manufacturing engineers. They highlight the advanced capabilities of Polar's tools and the critical role of signal integrity analysis, as well as the importance of accurate modeling in board manufacturing. Polar's unique training approach and demonstration contact details are also explored.
TTM Celebrates the Grand Opening of Its First Manufacturing Facility in Penang
04/25/2024 | TTM Technologies, Inc.TTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCBs), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).
Listen Up! The Intricacies of PCB Drilling Detailed in New Podcast Episode
04/25/2024 | I-Connect007In episode 5 of the podcast series, On the Line With: Designing for Reality, Nolan Johnson and Matt Stevenson continue down the manufacturing process, this time focusing on the post-lamination drilling process for PCBs. Matt and Nolan delve into the intricacies of the PCB drilling process, highlighting the importance of hole quality, drill parameters, and design optimization to ensure smooth manufacturing. The conversation covers topics such as drill bit sizes, aspect ratios, vias, challenges in drilling, and ways to enhance efficiency in the drilling department.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.