How do we think the CHIPS Act being signed into law by Biden will affect AXE's selection of a foundry? The Act includes:
52.7 billion for chip manufacturing, research and production, including $2 billion for legacy chip production — those essential to the auto industry and the military.
25% tax credit for investments in semiconductor manufacturing, worth about $24 billion.
$1.5 billion for the development of open-architecture, software-based wireless technologies, known as ORAN, that’s meant to reduce reliance on foreign telecommunications equipment.
$11 billion for the Department of Commerce to create 20 “regional technology hubs” focused on technology development and manufacturing.
$200 billion authorized for scientific research.
Intel, Microm and Qualcomm all announcing a significant ramp-up of funding and production in the US
AXE Price at posting:
86.5¢ Sentiment: Buy Disclosure: Held
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