Follow the money » CHIPS Act 2?| America's fab renaissance | China's answer: The Big Fund | TSMC Arizona
In 2022, the U.S. passed legislation to support its semiconductor industry called the U.S. CHIPS and Science Act. Officially H.R. 4346, the $280 billion spending package was signed into law by President Joe Biden to encourage the growth of the U.S. semiconductor industry -- and help win a burgeoning chip war with China.
Key beneficiaries
Intel: The U.S. government is set to invest $3.5 billion in Intel to boost the production of advanced chips for military and intelligence purposes. The company may be granted more than $10 billion in total.
Samsung: The Korean giant will invest $200 billion in Texas alone, with 11 total foundries to produce 4nm chips, the first one being built at Taylor, Texas.
GlobalFoundries: Headquartered in Malta, New York, the U.S. contract manufacturing giant will receive $1.5 billion in direct funding.
BAE Systems: $35 million will go to BAE to produce chips for fighter planes.
Latest about CHIPS and Science Act
U.S. community groups want more rigorous environmental reviews of proposed semiconductor facilities
As the U.S. rushes to maintain semiconductor supremacy with the CHIPS Act, many are asking how these new fabs will affect the health of their workers and the community around them.
Texas Instruments set to receive up to $1.6 billion via the CHIPS and Science Act
U.S. government to support TI's fab projects in Texas and Utah with $1.6 billion in direct funding and up to $8 billion in investment tax credits.
U.S. government reportedly denies $4 billion grant for Applied Materials
Applied Materials will not get $4 billion to fund new R&D center in Silicon Valley.
The US is spending more money on chip manufacturing construction this year than the previous 28 years combined
The United States is on pace to add more investment into electronics manufacturing construction this year as it did from 1996 to 2023. The CHIPS Act is largely to credit for the meteoric growth.
Unexpected Intel military chip contract drained $3 billion from CHIPS Act, Senate mulls auction to restore funds
The U.S. Senate is looking for ways to increase CHIPS Act funding after the Pentagon pulled out of its $2.5 billion commitment to the 'Secure Enclave' project for building defense chips.
US to increase tariffs on Chinese semiconductors by 100% in 2025 — officials say it protects the $53 billion spent on the CHIPS Act
The U.S. will increase import tariffs on Chinese semiconductors from 25% to 50% in 2025.
Digital twins research institute to be funded with $285M of CHIPS Act funds
Uncle Sam is looking for someone to spearhead new innovation
Micron to get $6 billion from U.S. gov't to build memory fabs: Report
U.S. government to support Micron's EUV DRAM fab, other fab projects in the U.S. with $6 billion according to Bloomberg.
