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. And in the waning days of the Biden administration, contracts are finally being inked.
Key beneficiaries
Intel: The U.S. will invest $7.86 billion in Intel, including $3.5 billion to boost the production of advanced chips for military and intelligence purposes.
TSMC: The U.S. has settled on $6.6 billion to support TSMC's efforts to build an enormous fab in Arizona.
Polar Semiconductor: A Minnesotan manufacturer of sensor and power semiconductors was the first company to be awarded under the CHIPS program.
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
Intel and U.S. ink funding contract
Intel to get $7.86 billion under CHIPS & Science Act, $3 billion under Secure Enclave program.
US plans to shrink Intel's $8.5B CHIPS funding to below $8B
The U.S. government plans to reduce Intel's $8.5 billion CHIPS and Science Act grant to below $8 billion.
GlobalFoundries gets $1.5 billion subsidy from U.S. gov't after it was fined for violating export laws to China
GlobalFoundries signed a deal to get $1.5 billion under the CHIPS and Science Act even after being fined for violating U.S. export laws by supplying advanced chips to Chinese entities.
U.S Department of Commerce finalizes $6.6 billion CHIPS Act funding for TSMC Fab 21 Arizona site
TSMC and the U.S. Department of Commerce finalized a deal Friday, granting TSMC $6.6 billion in funding and $5 billion in loan guarantees under the CHIPS Act to build its Fab 21 site in Arizona.
Diamond-cooled GPUs are coming soon
Akash System signed a preliminary memorandum of terms with the U.S. Department of Commerce to secure $68.2 million to help ramp up operations for producing diamond-cooled semiconductors.
Gorilla Glass maker Corning is set to receive $32 million under the CHIPS and Science Act
Corning may not make chips, but its contribution to semiconductor production is rather huge.
Chipmakers race to get CHIPS Act dollars before White House changeover — TSMC and GlobalFoundries finalize applications, facilitating payouts
GlobalFoundries and TSMC finalize talks with the U.S. government to get CHIPS Act funding.
Intel CEO complains 'this is taking too long' after investing $30B but receiving zero CHIPS Act funding
Intel has invested over $30 billion in new fabs after the CHIPS Act was enacted and received zero funding from the government so far.
