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
Latest about CHIPS and Science Act
Amkor has broken ground on a new semiconductor packaging and test campus in Peoria, Arizona, marking a rare domestic expansion in one of the industry’s most critical and capacity-constrained areas.
President Donald Trump says that he will apply a 100% tariff on chip imports, but exempts companies that build in the U.S.
U.S. Commerce Secretary Howard Lutnick tells the U.S. Senate that the White House is renegotiating with CHIPS Act recipients, hoping to get more investments from recipients.
President Trump established the U.S. Investment Accelerator office to manage CHIPS Act awards and make it easier for investors to build businesses within the U.S.
Elon Musk ally Michael Grimes is leading the downsizing of the CHIPS and Science Act office.
Trump tells the Senate President to get rid of the CHIPS Act and use the money allocated for it to reduce debt instead.
Two-fifths of the staff of the U.S. Chips Program Office are to be terminated, with 60 employees leaving today.
President Donald Trump, alongside with TSMC CEO CC Wei, just announced in the White House that the company is investing $100 billion to expand its Arizona facility.
