* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, September 18, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

    Gen V Season 2: What is The Odessa Project? – yahoo.com

    Gen V Season 2: Unlocking the Secrets of The Odessa Project

    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

    Gen V Season 2: What is The Odessa Project? – yahoo.com

    Gen V Season 2: Unlocking the Secrets of The Odessa Project

    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

All the chip companies getting billions in U.S. subsidies (so far)

July 27, 2024
in Business
All the chip companies getting billions in U.S. subsidies (so far)
Share on FacebookShare on Twitter

Joe Biden is blurry in the foreground standing behind a podium with a partial presidential seal while a sign that says Project Funded By President Joe Biden's CHIPS and Science Act is clear behind him

U.S. President Joe Biden at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona.Photo: Rebecca Noble (Getty Images)

As generative artificial intelligence takes off and tensions between the U.S. and China rise, the Biden administration is making a multi-billion dollar effort to bring chipmaking back to the U.S.

President Joe Biden signed the bipartisan CHIPS and Science Act in 2022 to boost semiconductor manufacturing as well as research and development. The $280 billion package, which is not only focused on chips, includes $52 billion in subsidies for semiconductors. So far, over half of that has been allocated to chip designers and manufacturers in the U.S.

See which 12 companies have already received funding from the Chips Act, and how much they’ve gotten.

Pat Gelsinger with his arms raised in excitement while standing behind a podium with the presidential seal

Intel CEO Pat Gelsinger at the Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona. Photo: Rebecca Noble (Getty Images)

Semiconductor pioneer Intel has received the largest amount of funding so far from the Chips Act, with $8.5 billion in direct government funding and $11 billion in federal loans. Intel plans to invest over $100 billion in the U.S. over the next five years to build chipmaking sites in Arizona, New Mexico, Ohio, and Oregon.

Intel said its investments are expected to create more than 10,000 jobs and about 20,000 construction jobs. Its plants will also support over 50,000 indirect jobs for suppliers and adjacent industries.

TSMC logo on office building

Taiwan Semiconductor Manufacturing Company (TSMC) at Hsinchu Science Park on September 16, 2022 in Hsinchu, Taiwan.Photo: Annabelle Chih (Getty Images)

Taiwan Semiconductor Manufacturing Company (TSMC) received $6.6 billion in grants and $5 billion in loans through the Chips Act to support its first major U.S. chipmaking hub in Phoenix, Arizona. The semiconductor foundry is responsible for most of the world’s advanced chips, and already has two chipmaking facilities in Arizona expected to begin production in 2025 and 2028. Some of the new funding will be used to build a third facility.

TSMC’s planned chipmaking hub in Phoenix will put the U.S. on track to produce 20% of the world’s advanced chips by 2030, the Biden administration said.

Samsung flag flying outside its office in Seoul, South Korea

Photo: Chung Sung-Jun (Getty Images)

Major South Korean electronics company Samsung received $6.4 billion in direct funding under the Chips Act to support its more than $40 billion investment in its existing chip facility in Austin and planned chipmaking hub in Taylor, Texas.

The hub will focus on developing and producing advanced chips, research and development, and advanced packaging. With Samsung’s investment, the U.S. is on track to produce around 20% of the world’s advanced logic chips by the end of the decade, the Commerce Department said.

Exterior view of memory chip maker Micron offices

Photo: Paul Sakuma (AP)

Micron received $6.1 billion in Chips Act funds to build chip fabrication sites, or fabs, in central New York and Idaho. The federal funding is part of a $100 billion public-private investment over the next 20 years to build a “mega-fab project” to produce memory chips in central New York that is expected to create 50,000 jobs, Senate Majority Leader Chuck Schumer (D-N.Y.) has said. The New York portion of the funding will go toward construction of the first two of four fabs by the end of the decade, Schumer said.

GlobalFoundries logo on corner of building, blurred branches on the edges of photo

Photo: GlobalFoundries

Semiconductor manufacturer and designer GlobalFoundries received $1.5 billion in Chips Act funding to support three projects. Part of the funding will go toward expanding GlobalFoundries’ chip fabrication facility, or fab, in Malta, New York by adding critical technology it already uses in Singapore and Germany for vehicles.

GlobalFoundries also plans to use the funding to build a new state-of-the-art fab on its Malta campus for essential chips that can be used for automotive, aerospace, defense, and artificial intelligence. The third project focuses on modernizing its “longest continuously operated fab” in Essex Junction, Vermont, and creating the first U.S.-based facility that can manufacture next-generation gallium nitride (GaN) semiconductors at a high volume for technologies including power grids and data centers.

GlobalWafers Co. Ltd. logo is seen on a smartphone screen horizontally

Illustration: Pavlo Gonchar/SOPA Images/LightRocket (Getty Images)

Taiwanese silicon wafer-manufacturer GlobalWafers received $400 million in proposed funding from the Chips Act for projects in Sherman, Texas and St. Peters, Missouri. GlobalWafers will produce both standard silicon and specialized wafers needed for memory chips and chips for defense and aerospace uses, according to the Department of Commerce. The proposed Chips Act funding will support building new wafer manufacturing facilities, and is expected to create 1,700 construction jobs and 800 manufacturing jobs.

antony blinken speaking in front of a sign with Amkor Technology Philippines logo, two microphones and a hand holding a phone are in front of him

U.S. Secretary of State Antony Blinken during a tour of Amkor Technology in Manila, Philippines on March 19, 2024. Photo: Evelyn Hockstein/Pool Photo (AP)

Amkor Technology received $400 million in proposed direct funding under the Chips Act to support its investment of $2 billion into an end-to-end advanced chip packaging project in Peoria, Arizona. The facility is estimated to create 2,000 jobs. In addition to the proposed direct funding, Amkor received $200 million in proposed loans.

The advanced packaging and test facility is expected to package and test millions of chips that will be used in autonomous vehicles, 5G and 6G smartphones, and large-scale data centers, according to the Commerce Department. The facility will use 2.5D technology, which is a foundation for artificial intelligence chips, including GPUs, or graphics processing units. 

Microchip Technology GmbH building

Photo: Soeren Stache/picture-alliance/dpa (AP)

Microchip Technology, which manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits, received $162 million from the Chips Act to support onshoring its semiconductor supply chain, the Commerce Department said. The Chips Act funding will help the company increase production of microcontroller units (MCUs) and other speciality semiconductors.

Microchip Technology’s MCUs and mature-node semiconductors are critical to the production and manufacturing of automotives, including electric vehicles, and tech such as cell phones and airplanes.

logo sign outside of a facility occupied by Polar Semiconductor

Photo: TRIPPLAAR KRISTOFFER/SIPA (AP)

American semiconductor manufacturer Polar Semiconductor received $120 million in federal funding from the Chips Act. The funding will help Polar Semiconductor expand its manufacturing facility in Bloomington, Minnesota, as well as its tech capabilities — both of which will help the company double its production capacity of sensor and power chips in the U.S. within two years, according to the Commerce Department.

The investment will also bring in more private capital from the U.S. to make it a majority U.S.-owned commercial foundry instead of a majority foreign-owned in-house manufacturer, the Commerce Department said.

CPU close-up. Selective focus. Blurred background

Photo: Borislav (Getty Images)

Absolics, an affiliate of Korea-based SKC, received $75 million in proposed direct funding from the Chips Act to build a 120,000 square-foot facility in Covington, Georgia. The company develops substrates technology that is used for semiconductor advanced packaging. The proposed Chips Act investment in Absolics is the first “in a commercial facility supporting the semiconductor supply chain by manufacturing a new advanced material,” according to the Commerce Department. The company’s glass substrates will be used as advanced packaging technology for AI chips.

logo sign outside of the headquarters of Entegris, blurred branches on the left-bottom corner of the photo

Photo: Sipa USA (AP)

Semiconductor material-supplier Entegris received $75 million in proposed federal incentives from the Chips Act. The proposed investment in Entegris “would onshore critical semiconductor supply chain and manufacturing materials for leading-edge chip production,” according to the Department of Commerce. It would support building a state-of-the-art manufacturing center in Colorado Springs, Colorado, and create around 600 direct manufacturing jobs, and 500 construction jobs by the end of the decade.

Signage is displayed at the BAE Systems plc booth

Photo: Luke Sharrett (Getty Images)

Aerospace and defense-tech company BAE Systems received $35 million in initial funding to modernize its Microelectronics Center (MEC) in Nashua, New Hampshire. It was the first company to receive funding from the Chips Act.

The funding will be part of an ongoing investment in BAE Systems’ modernization and research and development efforts. It will go toward purchasing new and efficient tools to improve its supply chain to meet increasing demand from the Department of Defense for technology, and non-defense industries such as satellite communications.

close-up of neon blue electronic circuit board with processor

Photo: scorpp (Getty Images)

Rogue Valley Microdevices was the first women- and minority-owned chip company to receive funding from the Chips Act. The company, which received $6.7 million in proposed direct funding, is a pure play microelectromechanical system (MEMS) foundry, which means it works with companies which have a design and need a manufacturing partner to make a functional chip. The funding will support the construction of a MEMS and sensor foundry in Palm Bay, Florida.

“We’re really excited about the opportunity,” Rogue Valley Microdevices chief executive Jessica Gomez told Quartz. “Getting CHIPS funding for our project really means a lot to our ability to do this project quickly and get up and running so that we can continue to support our customers and their targets and growth strategy.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Quartz – https://qz.com/intel-tsmc-samsung-chips-science-act-semiconductors-1851538676

Tags: businesscompaniesGetting
Previous Post

Walmart is selling ad space to companies that don’t sell products at Walmart

Next Post

Hasbro CEO: “We’re going all in on becoming a digital play company”

New approach improves right whale distribution models – EurekAlert!

Breakthrough Technique Boosts Precision in Mapping Right Whale Populations

September 18, 2025

Are Six-Figure Tech Careers Disappearing? Why Computer Science Graduates Are Struggling to Find Even Minimum Wage Jobs

September 18, 2025
Scientists reverse stroke damage with stem cells – ScienceDaily

Breakthrough Discovery: Scientists Successfully Reverse Stroke Damage with Stem Cells

September 18, 2025
New statewide SC lifestyle show ‘Palmetto Life Weekend’ to air on WMBF News – WMBF

Discover South Carolina’s Charm: New Lifestyle Show ‘Palmetto Life Weekend’ Premieres Statewide

September 18, 2025
China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

September 18, 2025

Ireland Contracting Nightly Sports Call: Sept. 17, 2025 – CBS News

September 18, 2025
Trump Designates Antifa ‘Terror Organisation’ Days After Charlie Kirk Murder – NDTV

Trump Designates Antifa ‘Terror Organisation’ Days After Charlie Kirk Murder – NDTV

September 18, 2025
Study: UIS contributes nearly $1 billion to the Illinois economy – NPR Illinois

Study: UIS contributes nearly $1 billion to the Illinois economy – NPR Illinois

September 18, 2025
REO to return for UI homecoming – The News-Gazette

REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

September 18, 2025
WATCH: Former CDC doctor says U.S. is on track to see uptick in preventable diseases under Kennedy – PBS

WATCH: Former CDC Doctor Warns of Rising Preventable Diseases in the U.S

September 18, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (825)
  • Economy (844)
  • Entertainment (21,723)
  • General (17,103)
  • Health (9,889)
  • Lifestyle (859)
  • News (22,149)
  • People (849)
  • Politics (854)
  • Science (16,056)
  • Sports (21,344)
  • Technology (15,827)
  • World (828)

Recent News

New approach improves right whale distribution models – EurekAlert!

Breakthrough Technique Boosts Precision in Mapping Right Whale Populations

September 18, 2025

Are Six-Figure Tech Careers Disappearing? Why Computer Science Graduates Are Struggling to Find Even Minimum Wage Jobs

September 18, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version