US steel industry sees boost from CHIPS Act, infrastructure bills
March 4, 2024 Comments Off
A US law aimed at boosting computer chip manufacturers is providing a lift to steelmakers supplying the construction industry, executives said on earnings calls and analysts told S&P Global Commodity Insights. The US CHIPS and Science Act, signed into law in August 2022, includes over $50 billion in direct incentives for activities including semiconductor manufacturing, with a 25% investment tax…
US steel industry sees boost from CHIPS Act, infrastructure bills
A US law aimed at boosting computer chip manufacturers is providing a lift to steelmakers supplying the construction industry, executives said on earnings calls and analysts told S&P Global Commodity Insights. The US CHIPS and Science Act, signed into law in August 2022, includes over $50 billion in direct incentives for activities including semiconductor manufacturing, with a 25% investment tax…
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