"Challenges and Opportunities in US Semiconductor Manufacturing Expansion"

The Biden administration's implementation of the CHIPS Act, aimed at boosting the U.S. microchip industry, has caused frustration among semiconductor suppliers, particularly polysilicon makers like Hemlock Semiconductor, who feel left out of the law's tax credit. Despite President Biden's initial support for companies like Hemlock, proposed rules from the Treasury Department and IRS would exclude them from the tax breaks. Lawmakers and industry advocates are pushing for broader support, emphasizing the importance of the entire semiconductor supply chain in maintaining U.S. leadership in the industry and preventing overseas drift.