Kansas commits $304M to chip plant to lure federal funds

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Kansas commits $304M to chip plant to lure federal funds
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Kansas plans to give $304 million in taxpayer-funded incentives to a semiconductor company in its largest city to build a huge new factory.

TOPEKA, Kan. — Kansas plans to give $304 million in taxpayer-funded incentives to a semiconductor company in its largest city to build a huge new factory, but the project won't go forward without funds the U.S. government has promised for rebuilding the nation's chip-making capacity.

The announcement comes with the U.S. trying to reverse a loss of capacity for making the chips that are vital to smartphones, laptops and other modern-day conveniences, as well as automobiles and life-saving medical devices.a measure that provides more than $52 billion in grants and other incentives for the semiconductor industry.

“This advanced manufacturing facility is part of a national push to restore our semiconductor industry so that U.S. workers and businesses can compete and win in the race for the 21st Century," Kelly said. “It's not just critical to the United States and to security, but it's critical to the supply chain,” said Kansas Senate President Ty Masterson, a Wichita-area Republican.a shortage of chips

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