News Muncher - category chips act

3 weeks, 3 days ago

Intel’s CHIPS Act funding reduced from $8.5 billion to $7.85 billion because of recent military contract

Intel, the largest recipient of CHIPS Act funding, is facing mounting scrutiny over its ability to deliver on its commitments, particularly as it navigates financial struggles and extended project timelines Intel remains the only US-based logic chip manufacturer, a factor that has led US Secretary of Commerce Gina Raimondo to encourage collaboration between Intel and tech giants like Apple, NVIDIA, …

Funding Billion Intel Semiconductor Manufacturing Tsmc Chips Chips Act Funding

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 …

Trump Commerce Administration Projects Grants Biden Department

1 month, 2 weeks ago

TSMC to continue US investment plan after Trump’s election despite his stance against Chips act

Firstpost

Trump has criticised the Chips Act calling it a misguided giveaway to wealthy corporations. He has argued tariffs would have been a better way to encourage chip production in the US TSMC’s US arm has already bagged a preliminary $6.6 billion subsidy for its advanced semiconductor plant in Phoenix. The ambitious investment is part of efforts to strengthen semiconductor manufacturing …

Congress Trump Act Tsmc Chip Chips Chips Act

1 month, 2 weeks ago

Time to decouple from decoupling policy: China Daily editorial

China Daily

Voters in Dixville Notch, New Hampshire, went to the polls early Tuesday morning, marking the official start of Election Day voting for the 2024 US presidential election. US House of Representatives Speaker Mike Johnson recently echoed former president Donald Trump's call to repeal the CHIPS Act if he wins the presidential election, only to retract his statement a day later. …

China Election Beijing Chips Act Decoupling

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 …

Jobs Trump Statement Speaker New York Semiconductor Democrats

7 months ago

European labs led by imec to receive $2.7 billion in Chips Act funding

The Hindu

Leading European research labs will receive 2.5 billion euros in funding under the European Chips Act to set up a pilot line to develop and test future generations of advanced computer chips, Belgium's imec said on Wednesday. The European Union's 43 billion euro Chips Act was announced in 2023 to support domestic European chipmaking, a counterbalance to plans by China, …

European Euros Belgium Chips Chips Act Billion Eu

7 months, 1 week ago

Arizona’s economy is booming. But Biden struggles to reap benefits from voters

LA Times

Aaron McDonald thinks back to when he came to Maricopa County nearly 20 years ago as a young ironworker hoping to get work building a new football stadium. It was the Wild West and now there’s a giant chip factory out there,” said McDonald, who now trains union ironworkers, referring to an enormous complex of plants being built in northern …

Trump Work Arizona Republican State Voters Democrat

1 year, 8 months ago

EU nears deal on $47B law to boost computer chip production

Associated Press

LONDON — The European Union was closing in Tuesday on approval for a plan to ramp up semiconductor production as it seeks to wean itself off reliance on Asia for the tiny computer chips that control everything from cars to washing machines. The European Parliament and the bloc’s 27 member states struck an informal agreement for the 43 billion-euro Chips …

Semiconductor Chip Chips Chips Act

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 …

India Economy China National Security Congress National Manufacturing

2 years, 10 months ago

EU’s chip production plan aims to ease dependency on Asia