Biden Administration's $750M Investment in Silicon Carbide Manufacturing: A Boost for US High-Tech Industries

The Biden-Harris Administration has taken a significant step towards enhancing the United States' semiconductor manufacturing capabilities with a proposed $750 million investment in silicon carbide production. This move, part of the CHIPS and science Act, aims to establish the world's largest silicon carbide ecosystem in the US, strengthening the country's position in high-tech manufacturing and reducing dependence on foreign suppliers.