Daily Management Review

USA expects to take 20% share in global advanced chip production by 2030


By 2030, the United States may account for 20% of the world's output of the most sophisticated processors required to run artificial intelligence (AI) systems, said the nation's Secretary of Commerce Gina Raimondo at a gathering hosted by the Center for Strategic and International Studies.

She claims that it will be made possible with the Chips and Science Act, which provides $39 billion in support for domestic semiconductor industry. Forecasts were less optimistic a year ago, according to Raimondo.

According to Barron's, the United States is leading the way in the development of chips and huge language models of artificial intelligence, but it is not yet creating extremely advanced semiconductors.

The Secretary added that building a few chip facilities is not the only solution to this issue, and a whole domestic supply chain will also be established.

source: barrons.com