GlobalFoundries

The U.S. government plans to provide an update on CHIPS Act implementation on February 26.

$39 billion in grands and $75 billion in loans and loan guarantees apparently not enough to rebuild the U.S. industry.

GlobalFoundries to upgrade U.S. fabs using $1.5 billion funding it gets under the CHIPS act and $600 million from the state of New York.

Intel is in talks with the U.S. government over a $10+ billion subsidies + loans package.

Chinese foundries yet have to build additional capacity in the coming years, but they are already cutting down tape-out prices.

China's aggressive fab expansion can create oversupply of mature process technology capacity.

American semiconductor industry needs tens of thousands of foreign workers, so the government has to alter H1-B visa program, U.S. chipmakers believe.

The SEMI World Fab Forecast report predicts that China will lead the global semiconductor industry expansion in 2024.

The U.S. government has begun doling out portions of the $52 billion CHIPS Act, beginning with just $35 million to BAE Systems. It also warns of possible delays in Intel and TSMC fab buildouts.

Foundry industry demonstrated healthy growth in Q3 2023 led by TSMC, Samsung, SMIC, and Intel Foundry Services.