Legislation to subsidize U.S.-made semiconductor chips heads to Biden's desk
2 years, 4 months ago

Legislation to subsidize U.S.-made semiconductor chips heads to Biden's desk

NPR  

Legislation to subsidize U.S.-made semiconductor chips heads to Biden's desk Enlarge this image toggle caption Anna Moneymaker/Getty Images Anna Moneymaker/Getty Images In a major win for the Biden administration, the House has passed bipartisan legislation aimed at supporting domestic manufacturing of semiconductor chips that power the nation's smartphones, cars, computers, medical equipment and weapons systems. Sponsor Message Seventeen Senate Republicans voted in favor of the legislation: Roy Blunt of Missouri, Richard Burr of North Carolina, Shelley Moore Capito of West Virginia, Bill Cassidy of Louisiana, Susan Collins of Maine, John Cornyn of Texas, Steve Daines of Montana, Lindsey Graham of South Carolina, Bill Hagerty of Tennessee, Mitch McConnell of Kentucky, Jerry Moran of Kansas, Rob Portman of Ohio, Mitt Romney of Utah, Ben Sasse of Nebraska, Thom Tillis of North Carolina, Roger Wicker of Mississippi and Todd Young of Indiana. Backers say the bill would reduce reliance on China Supporters of the legislation argue it's long overdue and will lower U.S. reliance on China for chip manufacturing, which they say poses a national security risk. "Chips alone are not going to be sufficient to preserve U.S. technology leadership, which is why we need the rest of the innovation bill so that we invest not just in the core technology powering innovation today, but also the technologies that will power innovation tomorrow," national security adviser Jake Sullivan said during the White House roundtable.

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History of this topic

Commerce Department to reduce Intel’s funding on semiconductors
4 weeks ago

Commerce Department to reduce Intel’s funding on semiconductors

Associated Press  

LOS ANGELES — The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding …

Biden team races to deliver chip grants before Trump takes over
1 month ago

Biden team races to deliver chip grants before Trump takes over

Live Mint  

U.S. officials are racing to deliver billions of dollars of promised manufacturing grants to Intel and others to complete a significant portion of a favored program of President Biden before he leaves office. The Commerce Department has provisionally awarded most of the $39 billion of grant money allocated under 2022’s Chips Act to re-energize U.S. chip production. Donald Trump threw …

House Speaker Johnson says GOP may try to repeal CHIPS Act, then rephrases
1 month, 3 weeks ago

House Speaker Johnson says GOP may try to repeal CHIPS Act, then rephrases

LA Times  

House Speaker Mike Johnson said Republicans “probably will” try to repeal legislation that spurred U.S. production of semiconductor chips, a statement he then backed away from. House Speaker Mike Johnson said Republicans “probably will” try to repeal legislation that spurred U.S. production of semiconductor chips, a statement he quickly tried to back away from, saying he would like to instead …

Biden breaks with environmentalists, House Dems on chip bill
3 months ago

Biden breaks with environmentalists, House Dems on chip bill

Politico  

Biden’s decision could widen existing fissures between the Democratic Party’s pro-business and environmental wings. “It’s our expectation that the president will sign the bill into law,” said one chip industry lobbyist earlier Tuesday, who requested anonymity due to the issue’s sensitivity. The lobbyist highlighted the national security goals that drove 2022’s CHIPS and Science Act, and warned that environmental reviews …

Biden is giving $6 billion to Micron for a semiconductor project in upstate New York
7 months, 4 weeks ago

Biden is giving $6 billion to Micron for a semiconductor project in upstate New York

NPR  

Biden is giving $6 billion to Micron for a semiconductor project in upstate New York Enlarge this image toggle caption Andrew Caballero-Reynolds/AFP via Getty Images Andrew Caballero-Reynolds/AFP via Getty Images President Biden traveled to Syracuse, N.Y., on Thursday to tout $6.1 billion in federal grants for Micron Technology that supporters say could bring an economic revival to the region and …

Biden is giving Intel $8.5 billion for big semiconductor projects in 4 states
9 months ago

Biden is giving Intel $8.5 billion for big semiconductor projects in 4 states

NPR  

Biden is giving Intel $8.5 billion for big semiconductor projects in 4 states Enlarge this image toggle caption Brendan Smialowski/AFP via Getty Images Brendan Smialowski/AFP via Getty Images CHANDLER, Ariz. — President Biden announced a deal with Intel that will give the chipmaker up to $8.5 billion in grants and another $11 billion in loans to build semiconductor plants in …

Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont
10 months ago

Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont

Associated Press  

WASHINGTON — The Biden administration said Monday that the government intends to provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont. “The chips that GlobalFoundries will make in these new facilities are essential,” Commerce Secretary Gina Raimondo said on a call with reporters. They assure smartphones have the latest features, …

Biden administration announces $5 billion commitment for research and development of computer chips
10 months, 2 weeks ago

Biden administration announces $5 billion commitment for research and development of computer chips

Associated Press  

WASHINGTON — The Biden administration on Friday announced the investment of $5 billion in a newly established public-private consortium aimed at supporting research and development in advanced computer chips. Stakeholders in the chips industry gathered on the White House campus to discuss how the center should prioritize research and worker training for an industry poised to expand because of government …

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon
11 months, 2 weeks ago

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon

Associated Press  

WASHINGTON — The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing. The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, …

Biden administration says New Hampshire computer chip plant the first to get funding from CHIPS law
1 year ago

Biden administration says New Hampshire computer chip plant the first to get funding from CHIPS law

Associated Press  

WASHINGTON — The Biden administration announced the first of many coming federal investments in computer chip production, saying Monday that it would provide $35 million for BAE Systems to increase production at a New Hampshire factory making chips for military aircraft, including F-15 and F-35 jets. The Commerce Department’s choice of a military contractor instead of a conventional chip manufacturer …

'Competition 2.0' aims at unfair advantage
1 year, 6 months ago

'Competition 2.0' aims at unfair advantage

China Daily  

People shop at Lincoln Market in New York City on June 12. However, after the Chips and Science Act was signed by US President Joe Biden in August, the country is seeking to further decouple from China by introducing the "China Competition Bill 2.0" to curtail the flow of advanced technology to China. Last month, Senate Democratic leader Chuck Schumer …

US aims to prevent China, Russia from using $52 billion semiconductor funding
1 year, 9 months ago

US aims to prevent China, Russia from using $52 billion semiconductor funding

Firstpost  

Washington: The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed of concern. This measure covers chips “including current-generation and mature-node chips used for quantum computing, in radiation-intensive environments, and for other specialized military capabilities.” Commerce Secretary Gina Raimondo said “these guardrails …

Biden to require chips companies winning subsidies to share excess profits
1 year, 9 months ago

Biden to require chips companies winning subsidies to share excess profits

Live Mint  

The Biden administration on Tuesday said it will require companies winning funds from its $52-billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. Companies winning funding are also prohibited from using chips funds for dividends or stock buybacks, and must provide details of any plans to buy back their …

US govt to chip makers: Share profits if you want subsidies
1 year, 9 months ago

US govt to chip makers: Share profits if you want subsidies

Al Jazeera  

Newly released plan requires firms that want subsidies to share future profits with government and provide childcare for employees. United States President Joe Biden’s administration has said it will require companies winning funds from its $52bn semiconductor manufacturing and research programme to share excess profits and explain how they plan to provide employees with affordable childcare. Commerce also expects “upside …

Computer chip funding to require security, worker benefits
1 year, 9 months ago

Computer chip funding to require security, worker benefits

Associated Press  

WASHINGTON — The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production. “This is fundamentally a national security initiative,” Commerce Secretary Gina Raimondo said as the application process began Tuesday. “We are not writing blank checks to any company that asks.” The money is …

Biden is ‘not buying’ that Democrats may lose in midterms
2 years, 1 month ago

Biden is ‘not buying’ that Democrats may lose in midterms

Associated Press  

ROSEMONT, Ill. — President Joe Biden said Friday he was feeling “really good” about Democrats’ chances in the midterm elections, even as he traveled to the Chicago area to support two House members who are facing more competitive reelection battles than expected. He touted Underwood’s ability to work across party lines, calling her a “champion of families.” The stops outside …

Biden administration announces plan for $50 billion investment in chips to avoid dependency on China
2 years, 3 months ago

Biden administration announces plan for $50 billion investment in chips to avoid dependency on China

Firstpost  

President Joe Biden last month signed a $280 billion CHIPS bill to boost domestic high-tech manufacturing, part of his administration’s push to boost US competitiveness over China Washington: The Biden administration has announced it will invest $50 billion in building up the domestic semiconductor industry to counter dependency on China, as the United States produces zero and consumes 25 per …

Chip and carmaker CEOs meet ahead of Biden signing
2 years, 4 months ago

Chip and carmaker CEOs meet ahead of Biden signing

The Hindu  

The heads of chipmakers GlobalFoundries and Applied Materials and carmakers Ford Motor and General Motors Co were to meet at a closed-door summit with U.S. government officials on Monday to discuss administration plans to invest in semiconductors. GlobalFoundries CEO Thomas Caulfield said in a statement the chips legislation "protects U.S. economic, supply chain and national security by accelerating semiconductor manufacturing …

Biden signs semiconductor bill into law, though Trump raid overshadows event
2 years, 4 months ago

Biden signs semiconductor bill into law, though Trump raid overshadows event

NPR  

Biden signs semiconductor bill into law, though Trump raid overshadows event Enlarge this image toggle caption Mandel Ngan/AFP via Getty Images Mandel Ngan/AFP via Getty Images President Biden on Tuesday heralded legislation that will pump more than $50 billion into research and manufacturing of semiconductor chips, which power everything from medical devices and cars to computers and weapons systems, as …

Biden signs CHIPS Act to boost US chipmakers, compete with China
2 years, 4 months ago

Biden signs CHIPS Act to boost US chipmakers, compete with China

Al Jazeera  

The law, providing $52bn in subsidies to US semiconductor manufacturers, aims to reduce US dependence on Taiwan and South Korea for critical technologies. US President Joe Biden on Tuesday signed into law a bill providing $52.7bn in subsidies for US semiconductor manufacturers and research, in a landmark effort to boost United States competition with China’s scientific and technology initiatives. The …

Biden signs bill boosting US chip manufacturing as he kicks off victory lap
2 years, 4 months ago

Biden signs bill boosting US chip manufacturing as he kicks off victory lap

CNN  

CNN — President Joe Biden on Tuesday signed into law a bill aimed at boosting American chip manufacturing as he kicked off a victory lap to celebrate a string of wins in Washington. Biden on Tuesday described the law as a “once-in-a-generation investment in America itself.” “Today America is delivering, delivering, and I honest to God believe that 50, 75, …

Bumps, bipartisanship in long fight for semiconductor bill
2 years, 4 months ago

Bumps, bipartisanship in long fight for semiconductor bill

Associated Press  

WASHINGTON — Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the U.S. computer chip sector, worried that it could be in peril. “We’re going to keep our heads down and drive forward.” Just hours later, McConnell vowed on Twitter that the semiconductor bill would be dead if Democratic …

US Congress Nod to CHIPS Act to Boost Semiconductor Production, Pour Billions in Fight Against China
2 years, 4 months ago

US Congress Nod to CHIPS Act to Boost Semiconductor Production, Pour Billions in Fight Against China

News 18  

The long-awaited CHIPS and Science Act, which aims to increase semiconductor manufacturing in the United States, was passed by the House by 243-187, with no Democrats voting against the bill. The CHIPS for America Act will get that done.” Some Republicans who opposed the bill claimed it lacked “guardrails” to prevent any of the funding from falling into the hands …

Congress OKs bill to aid computer chip firms, counter China
2 years, 4 months ago

Congress OKs bill to aid computer chip firms, counter China

Associated Press  

WASHINGTON — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China. Republicans argued the government should not spend billions to subsidize the semiconductor industry and GOP leadership in the House …

The US Throws $52 Billion at Chips—but Needs to Spend It Wisely
54 years, 11 months ago

The US Throws $52 Billion at Chips—but Needs to Spend It Wisely

Wired  

Congress passed the CHIPS and Science Act on Thursday, a $280 billion package that includes $52 billion in funding available to companies that manufacture semiconductor chips stateside. Although chipmaking was pioneered in the US and Intel dominated the global market for advanced computer chips for decades, competition from Asian firms and Intel’s own missteps have seen that influence wane considerably …

U.S. Senate passes bill to boost chip manufacturing, compete with China
2 years, 4 months ago

U.S. Senate passes bill to boost chip manufacturing, compete with China

The Hindu  

The U.S. Senate on Wednesday passed sweeping legislation to subsidise the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars to weapons and video games. The long-awaited "Chips and Science" act provides about $52 billion in government subsidies for U.S. semiconductor production as well as an …

Congress OKs bill to aid U.S. computer chip firms, countering China
2 years, 4 months ago

Congress OKs bill to aid U.S. computer chip firms, countering China

LA Times  

President Biden speaks virtually during an event in the South Court Auditorium of the White House on July 25. “Today, the House passed a bill that will make cars cheaper, appliances cheaper and computers cheaper,” Biden said. Some Republicans argued that the government should not spend billions to subsidize the semiconductor industry, and GOP leadership in the House recommended a …

Senate passes bill to boost computer chip production in US
2 years, 4 months ago

Senate passes bill to boost computer chip production in US

Associated Press  

WASHINGTON — A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration. Senate Majority Leader Chuck Schumer, D-N.Y., said the bill represented one of the nation’s largest investments in science and manufacturing in decades and …

Senate approves bipartisan semiconductor bill that could bring funds to California
2 years, 4 months ago

Senate approves bipartisan semiconductor bill that could bring funds to California

LA Times  

After months of wavering, the Senate on Wednesday approved a sweeping $280-billion plan to subsidize domestic semiconductor manufacturers and fund research that a bipartisan group of lawmakers hopes will shore up U.S. competitiveness, particularly against China. “This bill is going to cut costs for people, it’s going to bring jobs home and it’s going to strengthen our national security,” said …

US Senate passes bill to boost chip manufacturing
2 years, 4 months ago

US Senate passes bill to boost chip manufacturing

Al Jazeera  

The US hopes the $52bn in government subsidies for semiconductor production will help alleviate a persistent shortage. The United States Senate on Wednesday passed sweeping legislation to subsidise the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars to weapons and video games. The long-awaited “Chips …

Biden stresses case for computer chips before crucial Senate vote
2 years, 4 months ago

Biden stresses case for computer chips before crucial Senate vote

The Hindu  

Calling semiconductors “the building blocks for the modern economy,” President Joe Biden on Monday asked Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. The bill needs support from at least 60 senators to clear procedural hurdles and place it on a path to final …

Biden presses computer chips case in advance of Senate vote
2 years, 4 months ago

Biden presses computer chips case in advance of Senate vote

Associated Press  

WASHINGTON — Calling semiconductors “the building blocks for the modern economy,” President Joe Biden on Monday asked Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. The bill needs support from at least 60 senators to clear procedural hurdles and place it on a path …

Semiconductor bill unites Sanders, the right — in opposition
2 years, 4 months ago

Semiconductor bill unites Sanders, the right — in opposition

Associated Press  

WASHINGTON — A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right. “Not too many people that I can recall — I have been all over this country — say: ‘Bernie, you go back there and you get the job …

Republicans warm to $52B computer chip bill, adding momentum
2 years, 5 months ago

Republicans warm to $52B computer chip bill, adding momentum

Associated Press  

WASHINGTON — Key Republicans are warming up to passing a bill that provides roughly $52 billion in incentives for the semiconductor industry now that Sen. Joe Manchin of West Virginia has quashed the idea of imposing higher taxes on the rich and corporations as part of a separate Democratic-only effort. That’s when Senate Republican leader Mitch McConnell said there would …

Republicans warm to $52B computer chip bill, adding momentum
2 years, 5 months ago

Republicans warm to $52B computer chip bill, adding momentum

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. That's when Senate Republican leader Mitch McConnell said there would be no such bill …

White House warns of ‘escalating vulnerabilities’ to U.S. from semiconductor shortage
2 years, 8 months ago

White House warns of ‘escalating vulnerabilities’ to U.S. from semiconductor shortage

The Hindu  

The White House held a classified briefing on Wednesday with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidise production. White House National Economic Council Director Brian Deese told reporters "the best estimates are the lack of available semiconductors probably took a …

U.S. Senate approves $52 billion chips bill in bid to reach compromise
2 years, 8 months ago

U.S. Senate approves $52 billion chips bill in bid to reach compromise

The Hindu  

The U.S. Senate on Monday again approved a bill to provide $52 billion in U.S. subsidies for semiconductor chips manufacturing in a bid to reach a compromise after months of discussions. The Senate first passed chips legislation in June that also authorised $190 billion to strengthen U.S. technology and research to compete with China, while the House passed its version …

House passes bill to boost US computer chip production
2 years, 10 months ago

House passes bill to boost US computer chip production

Associated Press  

WASHINGTON — Democrats on Friday muscled legislation through the House that they say positions the United States to better compete with China economically and on the global stage by strengthening the domestic semiconductor industry and shoring up strained supply chains. President Joe Biden urged lawmakers to reach a deal quickly, saying, “America can’t afford to wait.” The nearly 3,000-page bill, …

U.S. House bill on China competitiveness, chip investment, coming soon: Pelosi
2 years, 10 months ago

U.S. House bill on China competitiveness, chip investment, coming soon: Pelosi

The Hindu  

The U.S. House of Representatives will soon introduce a bill to increase U.S. competitiveness with China and boost federal spending on semiconductors, Speaker Nancy Pelosi said on Friday as the Biden administration seeks to boost domestic chip production. President Joe Biden's administration is pushing to persuade Congress to approve funding to help boost chip production in the United States, as …

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage
2 years, 11 months ago

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage

NPR  

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage Enlarge this image toggle caption Richard Drew/AP Richard Drew/AP COLUMBUS, Ohio — Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games. "Intel's work is essential …

GOP Ohio congressional delegation wants chip law funded
2 years, 11 months ago

GOP Ohio congressional delegation wants chip law funded

Associated Press  

COLUMBUS, Ohio — GOP members of the Ohio congressional delegation Friday asked House and Senate leaders to fully fund a law meant to address a global shortage of semiconductor chips used in phones, cars and video games. The request comes as multiple media reports say Santa Clara, California-based Intel Corp. intends to build a massive computer-chip factory near Columbus, the …

U.S. Senate advances sweeping tech bill taking aim at China
3 years, 6 months ago

U.S. Senate advances sweeping tech bill taking aim at China

The Hindu  

The U.S. Senate on Thursday advanced a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology, as Congress increasingly seeks to take a tough line against Beijing. The desire for a hard line in dealings with China is one of the few truly bipartisan sentiments in the deeply divided U.S.Congress, which is narrowly controlled …

U.S. Senate panel to take up technology research spending bill
3 years, 7 months ago

U.S. Senate panel to take up technology research spending bill

The Hindu  

A U.S. legislative proposal to allocate about $110 billion for basic and advanced technology research and science in the face of rising competitive pressure from China will be debated by the Senate Commerce Committee on May 12, sources said on Wednesday. The bipartisan "Endless Frontier" bill would authorise most of the money, $100 billion, over five years to invest in …

As Biden meets CEOs to tackle chip shortage, Intel offers hope
3 years, 8 months ago

As Biden meets CEOs to tackle chip shortage, Intel offers hope

Al Jazeera  

During a White House meeting, Biden said he has bipartisan support for legislation to fund the semiconductor industry. Biden and his top advisers view the semiconductor shortage as a “top and immediate priority,” the White House said after the meeting. The White House meeting included executives from 19 prominent companies, including General Motors Chief Executive Mary Barra, Ford Motor CEO …

U.S. Senate mulls $30 bln in funding to boost chipmaking sector, source says
3 years, 9 months ago

U.S. Senate mulls $30 bln in funding to boost chipmaking sector, source says

The Hindu  

The U.S. Senate is considering including in a new bill to boost competitiveness against China $30 billion in funding for previously-approved measures to supercharge the country's chipmaking industry, a congressional source said on Thursday. The source, who is involved in the effort, said that the Schumer-led package is likely to have provisions curbing China's access to U.S. capital markets, a …

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