Connect with us

Hi, what are you looking for?

Hidden Profit ReportsHidden Profit Reports

Tech News

Where the CHIPS Act money has gone

Illustration: Alex Castro / The Verge

Since the passage of the CHIPS and Science Act last August, eight companies have already received more than half of the planned government direct funding.

These companies have collectively received $29.34 billion in funding through the CHIPS Act for semiconductor factories across the country. The law, a $280 billion package to support innovation in the US, includes $52 billion in subsidies for semiconductor manufacturing and was passed last year.

These investments only concern the construction or expansion of semiconductor fabrication facilities and do not include government funding for other chip research facilities.

As of writing, Intel, Micron, Global Foundries, Polar Semiconductor, Taiwan Semiconductor Manufacturing Company (TSMC),…

Continue reading…

You May Also Like

Tech News

Photo by Justin Sullivan/Getty Images Just one day after Meta’s network went offline for a while, LinkedIn was inaccessible around the world, cutting off...

Stock

In this edition of StockCharts TV‘s The Final Bar, guest David Hunter of Contrarian Macro Advisors shares his updated target for the S&P 500, and makes...

Stock

In this edition of StockCharts TV‘s The Final Bar, Dave focuses on AAPL which closed below its 200-day moving average as it tests key price support....