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Chips and Science Act

US grants Samsung up to US$6.4 billion in funding to produce advanced chips in Texas

by Walter Watson
US grants Samsung up to US.4 billion in funding to produce advanced chips in Texas

“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science …

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TSMC strikes US$11.6 billion deal for US plant to make ‘most advanced semiconductor chips’, in boost for Biden tech plan

by Walter Watson
TSMC strikes US.6 billion deal for US plant to make ‘most advanced semiconductor chips’, in boost for Biden tech plan

The US plans to award Taiwan Semiconductor Manufacturing Co. US$6.6 billion in grants and as much as US$5 billion in loans to help the world’s top chip maker build factories …

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US memory chip maker Micron soars after AI growth boosts revenue forecast

by Anas Siddiqui
US memory chip maker Micron soars after AI growth boosts revenue forecast

Micron Technology, the largest US maker of memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence …

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Intel gets US$19.5 billion from Washington to build and improve chip factories

by Walter Watson
Intel gets US.5 billion from Washington to build and improve chip factories

The US Commerce Department said on Wednesday that tech giant Intel would receive US$19.5 billion to construct and modernise its semiconductor factories in four US states, marking the largest investment …

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China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains

by Maya Ortiz
China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains

China on Wednesday criticized a US law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on …

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Tech war: Guangdong sets up new US$1.5 billion chip fund as China keeps financing gates open for semiconductor projects

by Anas Siddiqui
Tech war: Guangdong sets up new US.5 billion chip fund as China keeps financing gates open for semiconductor projects

The southern province of Guangdong has set up a new 11 billion yuan (US$1.5 billion) chip industry fund in a fresh sign that the country will continue to pump money …

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First US Chips Act grant goes to Pentagon supplier BAE for boosting domestic military semiconductor supply chain

by Anas Siddiqui
First US Chips Act grant goes to Pentagon supplier BAE for boosting domestic military semiconductor supply chain

The US announced the first semiconductor grant under the 2022 Chips and Science Act, awarding US$35 million to the American subsidiary of British aerospace firm BAE System to ramp up …

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