The CHIPS Act contains funding for work force development. The Commerce Department, which is overseeing the doling out of grant money from the CHIPS Act’s funds, has also made it clear that organizations hoping to obtain funding should come up with plans for training and educating workers. 《...
Report Overview: CHIPS Act Funding Discover state plans for leveraging Tech Hubs to achieve semiconductor prominence.This report summarizes the recent enactment and funding of the CHIPS Act, which was signed into law in August 2022 by the Biden administration. Millions in grants have been handed ...
The U.S. Department of Commerce's National Institute of Standards and Technology (NIST) said that it will soon accept applications for funding set aside by the CHIPS and Science Act of 2022. Applications for the first of three funding opportunities, which will target projects to construct, ...
Intel is set to receive $8.5 billion CHIPS Act funding. The deal, which has been in negotiation for months, would represent the largest subsidy package awarded to date under the act, which aims to reduce US reliance on foreign chip production and strengthen the country’s semiconductor suppl...
The partnership follows several major announcements from Intel’s board meeting, including, $3 billion in CHIPS Act funding for the U.S. government’s Secure Enclave program. The company also plans to establish Intel Foundry, its semiconductor manufacturing vertical, as an independent subsidiary. The...
US President Joe Biden gives a speech at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona. Biden announced $8.5 billion in federal funding from the CHIPS Act for Intel Corp. to manufacture semiconductors in Arizona. Rebecca Noble | Getty Images One such supplier in talks with Comm...
Mr. Hunt, who now serves as a Commerce Department adviser, said in a 2022 report that $23 billion of incentives provided through the Chips Act would allow the three companies with such technologies—Intel, Samsung and TSMC—to maintain or establish long-term presences in the U.S. to meet...
The Act has initiated numerous projects aimed at boosting manufacturing capacity in the US, especially for advanced nodes. Intel is set to receive up to $8.5 billion in direct funding to propel its domestic semiconductor projects. The company also stands to benefit from a US investment tax ...
At the company's annual Vision conference, Intel CEO Pat Gelsinger said he sees the company's future embedded in an AI-everywhere concept.
The funding is provided as part of the US CHIPS and Science Act passed in 2022. The bill provides $52 billion in incentives and funding, with $39 billion in incentives going to companies looking to modernize or expand chip manufacturing facilities. ...