Where the CHIPS Act money has gone

Since the passage of the CHIPS and Science Act last August, eight companies have already received more than half of the planned government direct funding.

These companies have collectively received $29.34 billion in funding through the CHIPS Act for semiconductor factories across the country. The law, a $280 billion package to support innovation in the US, includes $52 billion in subsidies for semiconductor manufacturing and was passed last year.

These investments only concern the construction or expansion of semiconductor fabrication facilities and do not include government funding for other chip research facilities.

As of writing, Intel, Micron, Global Foundries, Polar Semiconductor, Taiwan Semiconductor Manufacturing Company (TSMC),…

Continue reading…