ASPI urges $1.5b spend on semiconductor industry

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A leading think tank says the Albanese government should spend $1.5 billion to establish a domestic industry to manufacture semiconductors.

, principally Taiwan, Australia’s pre-eminent national security think-tank has recommended.

“As a nation, we require unfettered access to semiconductors if we are to defend, power, educate and advance ourselves economically.” “That alone should focus our minds on how we might shore up our future supplies of this critical resource.” More domestic manufacturing plants are expected to alleviate pandemic supply chain pressures faced by American industry and boostMr Biden has begun rolling out elements of the new law, which includes an investment tax credit for chip plants, worth as much as $US24 billion. It forms part of his promise to create more high-skilled, high-paid jobs in the United States.

 

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There's a lazy 240 billion that AlboMP & JEChalmers plan to gift tax cuts to themselves & high incomes. Apparently there is no trillion dollar debt or endless budget deficits or cost of living crisis or essential services starved of funding from 9 years of LNP Govt smh auspol

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