CHIPS and Science Act

Intel is getting a huge boost from the US government under the CHIPS and Science Act. The company could get up to $8.5 billion in direct funding from the government, according to the preliminary agreement it has reached with the Department of Commerce. That money will go towards the chipmaker's efforts to expand its manufacturing facilities in the United States, particularly plants designed to make leading-edge semiconductor chips meant for use in AI and other advanced applications.The government's investment is expected…

The Biden administration announced an agreement Thursday to provide $162 million in federal funding to Microchip Technology to expand production of computer chips domestically, the second tranche of money doled out from a bipartisan law signed in 2022. The Commerce Department announced preliminary terms with the Arizona-based manufacturer, which will allow the company to “significantly increase its U.S. production of microcontroller units (MCUs) and other specialty semiconductors built on mature-nodes critical to…

As India and the US double down on local semiconductor manufacturing, the municipal government of Guangzhou in China has invested 200 billion yuan ($29 billion) to establish funds that will help spur activities involving semiconductors, the media reported on Tuesday.Guangzhou's Industry Investment Fund of Funds (FoF) will focus on activities involving semiconductors, renewable energy and advanced manufacturing, reports the South China Morning Post.Meanwhile, the city's Innovation Investment Fund of Funds will target…

In their bid to cut the dependency on China amid the supply chain turmoil, US President Joe Biden and Apple CEO Tim Cook have announced plans to start using chips made in the US, after opening a new processor factory in Phoenix, Arizona."These chips will power iPhones and MacBooks, as Tim Cook can attest. Apple had to buy all the advanced chips from overseas. Now we're going to do more of their supply chain here at home," Biden said during an event at the Arizona factory of chip-maker Taiwan Semiconductor Manufacturing…

As India and the US double down on domestic semiconductor manufacturing, China witnessed its biggest-ever monthly decline in chip manufacturing in August owing to Covid restrictions and weakening demand.According to the South China Morning Post, the production of integrated circuits (ICs) slumped 24.7% year on year to 24.7 billion units, marking the largest single-month decrease since 1997.Read AlsoThis is also the second consecutive month of decline for chip manufacturing. In July, the output nosedived 16.6% to 27.2…

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 Chinese business. The law signed this week by President Joe Biden promises $52 billion (roughly Rs. 4,11,300 crore) in grants and other aid to investors in US chip factories. It responds in part to warnings that supplies might be disrupted if China attacks Taiwan, which produces up to 90 percent of high-end chips. China's ruling Communist Party…

US President Joe Biden on Tuesday signed the historic $280 billion Chips and Science Act into law that includes $52 billion to boost domestic semiconductor manufacturing.The Chips and Science Act is the Biden administration's bet to incentivise chipmakers to reverse course and build fabs in the US and cut the dependence on China."Today, I sign into law the Chips and Science Act. It's a once-in-a-generation law that invests in America by supercharging our efforts to make semiconductors here at home," Biden said in a…

A chip war has brewed quietly between the US and China for several years. Both are the largest semiconductor markets, each accounting for nearly 25% of global consumption. The US has long been trying to deny China access to latest technology, but recently several happenings one after the other suggest this chip war is getting turbulent, and the US is trying to cut China out of the global semiconductor supply chain. US House Speaker Nancy Pelosi’s defiant trip to Taiwan that angered…