Follow the money » CHIPS Act 2?| America’s fab renaissance | China’s answer: The Big Fund | TSMC Arizona
In 2022, the U.S. passed legislation to support its semiconductor industry called the U.S. CHIPS and Science Act. Officially H.R. 4346, the $280 billion spending package was signed into law by President Joe Biden to encourage the growth of the U.S. semiconductor industry — and help win a burgeoning chip war with China.
Key beneficiaries
Intel: The U.S. government is set to invest $3.5 billion in Intel to boost the production of advanced chips for military and intelligence purposes. The company may be granted more than $10 billion in total.
Samsung: The Korean giant will invest $200 billion in Texas alone, with 11 total foundries to produce 4nm chips, the first one being built at Taylor, Texas.
GlobalFoundries: Headquartered in Malta, New York, the U.S. contract manufacturing giant will receive $1.5 billion in direct funding.
BAE Systems: $35 million will go to BAE to produce chips for fighter planes.
