MT Magazine March/April 2023

ADDITIVE ISSUE

10

MANUFACTURING MATTERS

ADVOCACY

CHIPS and Science Act Funding Update The bipartisan CHIPS and Science Act became law last August. The act invests $280 billion over ten years to bolster the U.S. semiconductor supply chain and promote R&D of advanced technologies in the United States. It includes $39 billion in manufacturing incentives to build, expand, or modernize domestic facilities and equipment for semiconductor fabrication, assembly, testing, advanced packaging, or R&D, plus a 25% advanced manufacturing investment tax credit for investments in semiconductor manufacturing. The credit covers manufacturing equipment and the construction of semiconductor manufacturing facilities as well as incentives for manufacturing the specialized tooling equipment required in the semiconductor manufacturing process. The U.S. Department of Commerce’s CHIPS Program Office released the application for the first funding opportunity at the end of February. Guidance on the tax credit is forthcoming. Interested parties should register at SAM.gov to receive a Unique Entry Identifier necessary to complete an application. Visit CHIPS.gov to review the CHIPS implementation strategy and sign up for the newsletter.

INTERNATIONAL

‘Growing’ Markets: Mexico, India Show Promise for Additive Additive manufacturing (AM) has been around since the early 1980s but has only recently made inroads into industrial production processes. Despite remaining challenges (ROI, lack of standards, skills), the future of AM is very optimistic. Medical, aerospace, and automotive are all adopters of the technology. Medical is outpacing other verticals in AM use due to the amount of customization required and the high margins achieved. It is estimated that in the next seven years, the global AM market in medical will grow to more than $5 billion, equaling aerospace and automotive adoption combined. But where? The United States, Europe, and China will remain the main consumers, but guess who else is up there – India and Mexico. Medical investment in both countries is growing by leaps and bounds, and our staff in Chennai and Monterrey are paying close attention, so stay tuned.

The Manufacturing Technology Series connects decision-makers from diverse industries with leading suppliers of advanced manufacturing technology, equipment and tooling. The Manufacturing Technology Series 2023: Four Regions . One Mission .

Feb. 21-23, 2023

May 16-18, 2023

Oct. 24-26, 2023

Nov. 7-9, 2023

Don’t miss the most important manufacturing technology events in the U.S. in 2023.

Visit mtseries.com to learn more.

ME_MT_Series_AMT_6.75x3.795.indd 1

6/23/22 5:05 PM