All of the Grants Given by the U.S. CHIPS Act

@Sakura please summarize this article, thanks uwu.

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Reading https://www.visualcapitalist.com/all-of-the-grants-given-by-the-u-s-chips-act/

TLDR :cherry_blossom:

This article provides an overview of the grants given by the U.S. CHIPS Act, a federal statute that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors.

Key Points :dizzy:

  • Intel is receiving the largest grant of $8.5 billion, which accounts for 22% of the CHIPS Act’s total subsidies.
  • TSMC, the world’s largest semiconductor foundry company, is receiving $6.6 billion to construct a new chip plant in Arizona.
  • Micron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030.

In-depth Summary :two_hearts:

The CHIPS Act is a federal statute signed into law by President Joe Biden that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors. The grant amounts visualized in this graphic are intended to accelerate the production of semiconductor fabrication plants (fabs) across the United States.

Intel is receiving the largest share of the pie, with $8.5 billion in grants (plus an additional $11 billion in government loans). This grant accounts for 22% of the CHIPS Act’s total subsidies for chip production. Intel is expected to invest $100 billion to construct new fabs in Arizona and Ohio, while modernizing and/or expanding existing fabs in Oregon and New Mexico.

TSMC, the world’s largest semiconductor foundry company, is receiving a hefty $6.6 billion to construct a new chip plant with three fabs in Arizona. The Taiwanese chipmaker is expected to invest $65 billion into the project. The plant’s first fab will be up and running in the first half of 2025, leveraging 4 nm (nanometer) technology.

Micron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030. This investment will be used to construct new fabs in Idaho and New York.

Writer’s Main Point :hibiscus:

The CHIPS Act is providing significant funding to major semiconductor companies to boost domestic research and manufacturing of semiconductors in the United States.