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The CHIPS Act: America's semiconductor industry, reborn?
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 burgeoningchip 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 chipsfor military and intelligence purposes.
TSMC:The U.S. has settled on$6.6 billion to support TSMC's efforts to buildan enormous fab in Arizona.
Polar Semiconductor:A Minnesotan manufacturer of sensor and power semiconductors wasthe first company to be awarded under the CHIPS program.
GlobalFoundries: Headquartered in Malta, New York, the U.S. contract manufacturing giantwill 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
Amkor breaks ground on Arizona advanced packaging campus, plugging critical gap in US semiconductor supply chain
ByLuke Jamespublished
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.
Trump announces 100% semiconductor tariffs for chips made outside the U.S.
ByJowi Moralespublished
President Donald Trump says that he will apply a 100% tariff on chip imports, but exempts companies that build in the U.S.
Trump admin renegotiating Chips Act contracts, needles China over lowly advanced chip output
ByJowi Moralespublished
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.
Trump creates U.S. Investment Accelerator to manage CHIPS Act and 'negotiate much better deals'
ByJowi Moralespublished
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 leading CHIPS Act office purge — only 14% of original staff remain after dismissals
ByJowi Moralespublished
Elon Musk ally Michael Grimes is leading the downsizing of the CHIPS and Science Act office.
Trump wants to kill the CHIPS Act — says chipmakers are coming to the USA to avoid tariffs
ByJowi Moralespublished
Trump tells the Senate President to get rid of the CHIPS Act and use the money allocated for it to reduce debt instead.
Trump purge hits Chips Act office, two-fifths of staff to be terminated
BySunny Grimmpublished
Two-fifths of the staff of the U.S. Chips Program Office are to be terminated, with 60 employees leaving today.
TSMC and Trump announce $100 billion investment in the US, including three fabs
ByJowi Moralespublished
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.
White House reviewing CHIPS Act awards, upcoming payments possibly delayed
ByJowi Moralespublished
The Trump administration has put CHIPS Act disbursements temporarily on hold as it reviews CHIPS Act awards to ensure that it conforms with its policies and the president's executive orders.
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