Solid year-end coming with proper fundamentals plus MAJOR US investment from Feds in Taiwan & new USA mega-plant… stock ready to rock?
Both the United States and Europe are putting up billions of dollars in incentives to get companies to make chips closer to home, courting Taiwanese firms in particular.
In August, Biden signed legislation funding $52.7 billion for semiconductor chip manufacturing and research. The “Chips and Science” law also includes an investment tax credit for chip plants estimated to be worth $24 billion.
By subsidizing U.S. chip manufacturing and expanding research funding, the law aims to alleviate a persistent shortage that has affected everything from cars and weapons to washing machines and video games.
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