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Are actually not that large in a very automated facility, but rather tax policy and tax incentives. so, what the us is trying to do with the chips and science act is to level the playing field when it comes to tax incentives by offering some pretty generous tax policy, tax credits, to firms that build new chip facilities in the us. and the goal is to say the tools you put in the chip—making facility are the same regardless of which country you build a facility in. the power and electricity costs ought to be pretty similar. and so if the tax policy is similar as well, then there shouldn't be ...

The past two decades of increased investment in fabrication in east asia and taiwan and south korea, and especially in china, was the cost differential between building a facility there versus in the us, and the key driver of the cost differential was not labour cost, because the labour costs are actually not that large in a very automated facility, but rather tax policy and tax incentives. so, what the us is trying to do with the chips and science act is to level the playing field when it comes to tax incentives by offering some pretty generous tax policy, tax credits, to firms that build new...

Because the labour costs are actually not that large in a very automated facility, but rather tax policy and tax incentives. so, what the us is trying to do with the chips and science act is to level the playing field when it comes to tax incentives by offering some pretty generous tax policy, tax credits, to firms that build new chip facilities in the us. and the goal is to say the tools you put in the chip—making facility are the same regardless of which country you build a facility in. the power and electricity costs ought to be pretty similar. and so if the tax policy is similar as well,...