U.S. and Asian chip makers say: If the chip bill is not passed, it will reduce investment in the U.S.

According to relevant media reports, U.S. and Asian chip makers have warned that if Washington fails to pass the $52 billion CHIPS for America Act, they will have to delay or reduce investment in the U.S.

The U.S. Chip Act, which promises tax breaks and other incentives for chip companies investing in the U.S., is seen as a move critical to U.S. economic and national security interests amid a global shortage of chips. Some of the major semiconductor projects recently announced in the U.S. build on the act to varying degrees.

Intel's Ohio $20 billion chip plant was originally scheduled to hold a groundbreaking ceremony on July 22, but the company said it would delay construction of the factory indefinitely due to the delay in the chip bill.

GLOBALFOUNDRIES, the world's third-largest chip foundry, also said it plans to invest $1 billion to build a chip factory in upstate New York, but the delay in passing the chip bill has affected the speed and pace of the company's expansion of production capacity in the United States.

In addition, Asian chip makers also said the bill would also have a major impact on the transfer of their production to the United States given the high cost of operations. Among them, TSMC has begun construction of a $12 billion chip factory in Arizona, and the company said the speed of construction will depend on US subsidies.

At the company's annual shareholder meeting in June, TSMC's chairman said the cost of building a U.S. chip factory was higher than previously estimated, and called on Washington to expand planned support for the chip industry to domestic and foreign companies.

In this regard, supporters of the bill hope to achieve a breakthrough in July. If Congress fails to achieve this goal during the August recess, the midterm election season will enter after July, and if involved, the road ahead may face a more difficult time. Much obstruction. Many companies have been more outspoken in their support of the bill, and executives have visited Congress, arguing that the next few weeks will be critical in pushing the bill through.