Who Gained from the CHIPS Act?

Overview of the ‍CHIPS Act

The ‍CHIPS ‍Act, passed last year, allocates $52 billion in subsidies specifically for semiconductor manufacturing. This funding is ​aimed at building or expanding semiconductor fabrication facilities ⁤but ​does not cover other chip research facilities.

Beneficiaries of the CHIPS Act

As of now, ‍several companies have benefited directly ⁣from the ‌CHIPS Act, including:

• Intel
• Micron
• Global Foundries
• Polar Semiconductor
• Taiwan Semiconductor Manufacturing Company (TSMC)
• Samsung
• BAE Systems
• Microchip Technology

Key Projects and ⁤Funding

Intel’s Expansion

Intel has been a significant beneficiary, with projects in Arizona, New Mexico, and Oregon​ receiving substantial funding.

TSMC’s⁤ Investment

TSMC, another major beneficiary,⁤ increased its ‌investment to $44 billion ⁣in 2022, up from $31 billion ‍in 2021. This‌ funding is crucial for ⁣developing advanced technologies and creating ‌more leading-edge semiconductors.

Government Priorities and ​Challenges

The government is prioritizing projects that will be operational by 2030. However, some strong proposals from companies may not receive funding through ⁣the act. Fabricating chips‌ is a costly endeavor, and the government‌ has already committed⁤ more than‍ initially expected.

“Fabricating chips is an expensive affair.”