Technology is Receiving Government Support Through the CHIPS Act

Technology is Receiving Government Support Through the CHIPS Act

What is the CHIPS and Science Act?

The technology industry has been lobbying for Congress to take action on this issue, including big names like Intel’s CEO, Pat Gelsinger, who predicted that there would be a chip shortage until 2024 if no action is taken. Of course, Intel has a stake in this argument, as they have been in the process of building their third semiconductor factory in Ohio, and the delay in this legislation has impacted the construction of such a plant. The price tag is steep at $20 billion with costs exceeding $100 billion over the next ten years.

 

CHIPS is, of course, a convenient acronym. It stands for Creating Helpful Incentives to Produce Semiconductors, and the act contains $280 billion, $52 billion of which will support domestic production of semiconductors. This investment could potentially lower the cost of devices that require semiconductors to function, which, we’ll remind you, is an awful lot of stuff these days.

 

In fact, semiconductors are used not only to power your important business technology investments, but basically all technology including workstations, server units, appliances, and vehicles. This funding is an important investment that should go a long way toward putting an end to the semiconductor shortage.

Don’t Let the Supply Chain Get You Down

Of course, we are not economic analysts, but it doesn’t take one to see the challenges plaguing businesses as a result of this shortage. The price increase and shortage translates into device shortages and price hikes for businesses of all kinds, and with hardware more difficult to acquire, operations can suffer. If you don’t want to worry about it anymore ,COMPANYNAME is here to absorb the frustration and transform your business for the better with it.

 

Our technicians know and understand how you can get the most value from your technology, even if you’re waiting on acquiring new and innovative tools that can dramatically improve your operations. We can help you implement new tools and fully leverage existingones to maximize the return on your investments.

 

To learn more about what COMPANYNAME can dofor your business, contact us at PHONENUMBER.

Category
Technology
Tags
Microprocessors
Let's work together!

We're committed to your privacy. AllTech ITS uses the information you provide to us to contact you about our relevant content, products, and services. You may unsubscribe from these communications at any time.

Company Name
Phone Number
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.