More good news reported in the New Zealand Ministry of Foreign Affairs & Trade (MFAT) Market Intelligence Report on the USA’s efforts to increase domestic semiconductor chip manufacturing.
The US passed the CHIPS Act in 2022, allocating nearly US$53 billion to boost domestic semiconductor manufacturing and R&D, aiming for supply chain resilience and a 20% global production share by 2030, with bipartisan support ensuring ongoing subsidies.
Given New Zealand’s significant semiconductor exports, there are potential opportunities for NZ companies to access CHIPS funding based on ownership models and partnerships with US firms.
You can read the full report on their website: United States Efforts to Increase Domestic Semiconductor Chip Manufacturing Market Intelligence Report