As the Senate finally moves toward a likely vote on funding domestic chip manufacturing in the U.S., the rest of the semiconductor world is charging ahead with big new deals and initiatives.
Both China and the U.S. seek more supply chain resilience and less dependence on overseas sources that could be disrupted in the event of pandemic-style distribution snafus, international tensions or war.China's focus is largely on older, more utilitarian chips, while Taiwan, the U.S. and South Korea lead the world in the most advanced chip-making processes. The largest player is Taiwan Semiconductor Manufacturing Co.
IBM is flying more than 60 executives to D.C. this week to meet with lawmakers to stress the importance of passing the legislation, IBM vice chairman Gary Cohn told reporters Monday.Chip-making remains a deeply interdependent global business, with each new generation of "fab" or factory requiring specialized equipment and materials sourced from around the world.
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