Semiconductors, electric powered autos and batteries captured the majority of financial commitment. The FT determined 21 semiconductor-connected investments and much more than a few dozen projects aimed toward boosting the US electric motor vehicle supply chain.
The biggest disclosed incentive offer was $five.5bn presented to Micron for its $20bn semiconductor fab in Clay, Ny, helping the state defeat Texas on the project.
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The package was aimed at countering China’s dominance in strategic sectors which include electric cars and recapturing Work opportunities from abroad.
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The FT checked out projects involving capital expense of at least $100mn Considering that the Chips Act and IRA were being passed. We involved projects directed at boosting manufacturing from the semiconductor, electric-motor vehicle, battery and clear-Strength sectors.
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