Efforts to boost the US's production of semiconductor chips are likely to continue regardless of who wins the presidential election.iStock; Rebecca Zisser/BIUS efforts to produce semiconductor chips will continue regardless of who wins the election.Harris and Trump think domestic chip production is key for economic and national security reasons.Policy differences on taxes and immigration could impact the semiconductor industry.No matter who wins the presidential election this November, President Joe Biden can rest easy knowing one thing: The US's chip manufacturing push isn't going anywhere.Four industry experts told Business Insider that the Biden administration's efforts to boost the domestic production of semiconductor chips that power everything from iPhones to cars are likely to continue regardless of whether Vice President Kamala Harris or former President Donald Trump is sworn into office this January."I don't think there's going to be a considerable change in approach whether it becomes a Harris or Trump 2.0 administration," Stephen Ezell, vice president for global innovation policy at the Information Technology and Innovation Foundation and director of ITIF's Center for Life Sciences Innovation, told BI.While the semiconductor industry hasn't been a prominent campaign topic this election season, its future has ramifications for both national security and the economy, particularly in the swing state of Arizona.
Similar Stories to America's Chipmaking Push Will Continue No Matter Who Gets Elected on Bing News
jzinkula@insider.com (Jacob Zinkula), Business Insider
Thu, 10/17/2024 - 2:01am
Topics: rebecca zisser/bius november president joe biden vice president kamala harris president donald trump stephen ezell information technology innovation foundation itif's center life sciences innovation support american republican september anna kelly president trump usa boosting us science act chris miller american enterprise institute war fight world's most critical technology chinese mark muro brookings metro ai."both harris us-developed the chips act dylan patel semianalysis congress a harris democratic a trump semiconductor industry association oxford economics reach us trump biden insider harris ezell ezell in bi arizona american kelly china chips tsmc chips act chip muro business continue matter elected manufacturing told production administration experts companies immigration domestic policy campaign national efforts security including generally candidates incentives construction policies differences wins presidential taxes expected state supported part factories jobs tax create supply edge credit significant approaches global differ future senior shortage swing threat website development research semiconductors investment key additional election workforce required funding manufacturers phoenix fellow impact specific
BING NEWS:
- Apple's made-in-the-USA chips signal a turnaround for the US's big semiconductor bet
TSMC has begun producing chips for Apple at its Phoenix fab, people familiar with the matter said, in a boost for US chipmaking.
10/16/2024 - 10:42 pm | View Link - America's chipmaking push will continue no matter who gets elected
US efforts to increase the production of semiconductor chips will continue under either a Harris and Trump presidency.
10/16/2024 - 10:10 pm | View Link - More
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