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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="VRYALT3R3D" data-source="post: 16633495" data-attributes="member: 131770"><p><a href="https://www.reuters.com/world/us/us-senators-propose-new-25-tax-credit-semiconductor-manufacturing-2021-06-17/" target="_blank">U.S. SENATORS PROPOSE TAX CREDIT FOR CHIP MAKERS</a></p><p>Meanwhile, in the U.S., a group of Democrat and Republican senators proposed a 25% tax credit for companies that make chips in the U.S. Last week the Senate approved $52 billion for production and research on semiconductors, including $2 billion specifically for the automotive industry. The Commerce Department expects these moves to create 7 to 10 new chip plants in the U.S.</p><p></p><p><a href="http://autonews.gasgoo.com/china_news/70018337.html" target="_blank">CHINA ROLLS OUT 5-YEAR SEMICONDUCTOR PLAN</a></p><p>The Chinese and the U.S. government are taking action to address the chip shortage that is crippling automotive production. China’s Ministry of Industry and Information Technology laid out its 5-year plan that ends in 2025. It wants China to develop world-class companies that make semiconductors and integrated circuits. It also wants the transportation, electronic communications, internet, and car companies to collaborate on 5G V2X connected vehicles.</p></blockquote><p></p>
[QUOTE="VRYALT3R3D, post: 16633495, member: 131770"] [URL='https://www.reuters.com/world/us/us-senators-propose-new-25-tax-credit-semiconductor-manufacturing-2021-06-17/']U.S. SENATORS PROPOSE TAX CREDIT FOR CHIP MAKERS[/URL] Meanwhile, in the U.S., a group of Democrat and Republican senators proposed a 25% tax credit for companies that make chips in the U.S. Last week the Senate approved $52 billion for production and research on semiconductors, including $2 billion specifically for the automotive industry. The Commerce Department expects these moves to create 7 to 10 new chip plants in the U.S. [URL='http://autonews.gasgoo.com/china_news/70018337.html']CHINA ROLLS OUT 5-YEAR SEMICONDUCTOR PLAN[/URL] The Chinese and the U.S. government are taking action to address the chip shortage that is crippling automotive production. China’s Ministry of Industry and Information Technology laid out its 5-year plan that ends in 2025. It wants China to develop world-class companies that make semiconductors and integrated circuits. It also wants the transportation, electronic communications, internet, and car companies to collaborate on 5G V2X connected vehicles. [/QUOTE]
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Frying Pan Into the Fire -- Chip Shortage
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