FYI, here's a summary of what the 2022 CHIPS Act has resulted in prior to Trump taking office. While the current administration will tout a bunch of investments as the result of tariff threats; in fact they were negotiated over a period of years with the assurance that the CHIPS Act was enacted by Congress.
Significant US computer chip investments: Intel has a $100+ billion plan across Arizona (up to $7.86 billion in direct funding), New Mexico, Ohio ($1.5 billion in direct funding for Ohio phase 1), and Oregon ($1.86 billion in direct funding for R&D/modernization). TSMC is investing $65 billion+ in Arizona, receiving $6.6 billion in grants and $5 billion in loans for its fabs. Micron is investing up to $100 billion in New York ($4.6 billion in direct funding) and $25 billion in Idaho ($1.5 billion in direct funding) for memory chip manufacturing. Samsung's Texas expansion is a multi-billion dollar project with up to $6.4 billion in preliminary direct funding announced.
The Act also supports advanced packaging with $300 million in initial awards to Absolics ($100 million), Applied Materials ($100 million), and Arizona State University ($100 million) for substrate and material R&D, and $1.1 billion to Natcast for advanced packaging piloting. Materials and equipment suppliers like Hemlock Semiconductorin Michigan ($325 million in direct funding) and EMD in Pennsylvania have also received funding.
Crucial R&D initiatives are backed, including up to $6.3 billion for the National Semiconductor Technology Center (NSTC) operated by Natcast and $1.4 billion in finalized awards for the National Advanced Packaging Manufacturing Program (NAPMP). The Department of Defense's Microelectronics Commons also receives $2 billion for microelectronics R&D and prototyping.
The CHIPS Act utilizes $39 billion in direct funding (grants and loans) and a 25% investment tax credit to incentivize these and other investments, aiming to revitalize US semiconductor manufacturing and innovation.
Significant US computer chip investments: Intel has a $100+ billion plan across Arizona (up to $7.86 billion in direct funding), New Mexico, Ohio ($1.5 billion in direct funding for Ohio phase 1), and Oregon ($1.86 billion in direct funding for R&D/modernization). TSMC is investing $65 billion+ in Arizona, receiving $6.6 billion in grants and $5 billion in loans for its fabs. Micron is investing up to $100 billion in New York ($4.6 billion in direct funding) and $25 billion in Idaho ($1.5 billion in direct funding) for memory chip manufacturing. Samsung's Texas expansion is a multi-billion dollar project with up to $6.4 billion in preliminary direct funding announced.
The Act also supports advanced packaging with $300 million in initial awards to Absolics ($100 million), Applied Materials ($100 million), and Arizona State University ($100 million) for substrate and material R&D, and $1.1 billion to Natcast for advanced packaging piloting. Materials and equipment suppliers like Hemlock Semiconductorin Michigan ($325 million in direct funding) and EMD in Pennsylvania have also received funding.
Crucial R&D initiatives are backed, including up to $6.3 billion for the National Semiconductor Technology Center (NSTC) operated by Natcast and $1.4 billion in finalized awards for the National Advanced Packaging Manufacturing Program (NAPMP). The Department of Defense's Microelectronics Commons also receives $2 billion for microelectronics R&D and prototyping.
The CHIPS Act utilizes $39 billion in direct funding (grants and loans) and a 25% investment tax credit to incentivize these and other investments, aiming to revitalize US semiconductor manufacturing and innovation.
