Source: CCTV Finance
On the 9th local time, US President Biden signed the " Chip and Science Act " at the White House . This bill provides huge subsidies to the domestic chip industry in the United States and requires any company that receives U.S. subsidies to manufacture chips in the United States. was affected by this. On the 9th, US stocks and chip stocks fell sharply.
It is understood that the "Chip and Science Act" signed by Biden that day includes: allocates US$52.7 billion for semiconductor research and development, manufacturing and workforce development; companies that build chip factories in the United States will receive a 25% tax reduction; and approximately 200 billion US dollars will be used for many related scientific research projects such as .
Biden said at the bill signing ceremony that although the United States remains a leader in chip design and research and development, only 10% of the world's semiconductors are produced in the United States.
U.S. President Biden: We need to produce these chips in the United States to reduce daily costs and create jobs.
However, the signing of the new bill did not stop the semiconductor sector of the New York stock market from falling. On the 9th, chip stocks led the decline in U.S. stocks for the second consecutive trading day. On the same day, the share price of memory chip manufacturer Micron Technology fell 3.7%. NVIDIA, whose stock price fell sharply the day before, fell another 4%, and its stock price fell 10% in two days. was dragged down by the chip sector, and U.S. stocks fell across the board that day, with the Nasdaq closing down more than 1%.
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