San Diego, CA, August 19, 2022: TECHCET—the electronic materials advisory firm providing business and technology information to chip fabricators and material suppliers — just completed their 3rd Quarter CMC Advisory Alert Meeting focused on the US CHIPS Act and the future of materials supply. This virtual event of over 150 attendees, featured the Honorable Bonnie Glick, Director of the Krach Institute for Tech Diplomacy, and Madison Smith, Principal, Washington DC Communications, of Cozen O’Connor Public Strategies. These two policy professionals highlighted key points of the US CHIPS Acts and shared their opinions about what is next for funding the US semiconductor industry.
The Hon. Bonnie Glick emphasized that the CHIPS Act “… took a long time to get here, … and started over three years ago to make America, American manufacturing and American industry more competitive …” Glick spoke about how the US government wants to make the US more competitive in advanced manufacturing with tax incentives and government funding. US policy makers realized there was an urgent need to support the domestic supply chain. Now that the CHIPS act has passed and been signed into law by President Biden, the Dept of Commerce will be the lead agency in the US responsible for distributing the funds. NIST is a subgroup within the DOC that will be responsible for R&D grants.
“It is pretty hard to view the passage for the CHIPS ACT as anything but a benefit to material suppliers,” said Mr. Smith. The US government has taken a strong and unique step to grow the domestic semiconductor industry and this includes a robust supply chain. The direct effect of the US CHIPS act will allow chip fabricators and material supplier access to $39Billion in grant money over the next 5 years. The timeline expected going forward will be dependent on the Department of Commerce working with other factions of the government from which RFQ’s will be released. Timing for RFQ release is expected sometime in 4Q 2022.
For access to the meeting recording and surprising results of the poll question on “Is your company seeing signs of an industry-wide slowdown in the second half of 2022 and throughout 2023?,” CMC Members can log into the portal at www.techcet.com, and go to the “Meeting Downloads” page; others may contact TECHCET at firstname.lastname@example.org. The summary results between the morning session of mostly US and EU members versus the evening session with mostly Asian member may surprise you.
ABOUT TECHCET: TECHCET CA LLC is an advisory services firm expert in market analysis and business development of electronic markets and supply-chains for the semiconductor, display, solar/PV, and LED industries. TECHCET offers consulting, reports, and subscription services, including the Critical Materials Council (CMC) of semiconductor fabricators and CM Data subscription services. For additional information, please contact email@example.com, +1-480-332-8336, or go to www.techcet.com.