U.S. Senators Charles Schumer and Kirsten Gillibrand pushed through a massive semiconductor manufacturing incentive package worth as much as $25 billion that could benefit GlobalFoundries and IBM, both of which have a large presence in the Capital Region and the Hudson Valley. The bill, which must also be passed by the House and signed by President Donald Trump, will help the U.S. computer chip industry fend off the heavily subsidized Chinese chip industry and support the U.S. Defense Department's domestic chip making supply.
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U.S. Senators Charles Schumer and Kirsten Gillibrand pushed through a massive semiconductor manufacturing incentive package worth as much as $25 billion that could benefit GlobalFoundries and IBM, both of which have a large presence in the Capital Region and the Hudson Valley. The bill, which must also be passed by the House and signed by President Donald Trump, will help the U.S. computer chip industry fend off the heavily subsidized Chinese chip industry and support the U.S. Defense Department's domestic chip making supply.