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
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.
US CHIPS and Science program puts R&D funding on hold
The U.S. Commerce Department halts CHIPS funding for R&D facilities.
U.S. outlines five-year plan to harness CHIPS Act funds
The National Science and Technology Council has published its five-year strategy to make the most of the CHIPS Act.
U.S. government set to announce multi-billion dollar Intel grant in Arizona next week: Report
Biden administration will reportedly announce first award to Intel next week.
Pentagon pulls out of Intel's $3.5 billion CHIPS Act grant, expects Commerce Department to foot the bill
The Pentagon pulled out of a plan to give Intel more CHIPS Act funding.
China and Japan gave TSMC over $1.5 billion in subsidies to build and equip new fabs as US CHIPS Act payouts stall
China and Japan boost grants to TSMC as it builds new fabs and expands capacities.
Intel to get $3.5 billion infusion from U.S. gov't to make chips for military: Report
Intel will reportedly get a $3.5 billion investment from the U.S. government to ensure a steady supply of chips for military applications.
$300 million of CHIPS Act R&D funds is officially up for grabs as U.S Department of Commerce opens applications for packaging technology
The Commerce Department is now accepting applications for up to three $100 million awards for semiconductor packaging R&D.
