Tag: Chips Act

Here you will find all the articles with the tag: Chips Act.

CHIPS Act will funnel billions to global chip makers

CHIPS Act will funnel billions to global chip makers

The new US legislation will reward companies with a 25 percent tax credit on new chip fabs, plus $39 billion in direct subsidies. Leading foundry operators stand to benefit from a 25 percent investment tax credit (ITC) on domestic fab projects, The Register reports. The policy is spelled out in ... Read more

date20 days ago
Biden signs CHIPS and Science Act to boost US chip production

Biden signs CHIPS and Science Act to boost US chip production

The CHIPS and Science Act aims to help the US better compete with China. President Joe Biden this week signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research, according to reporting in Reuters. The bill is supposed to boost efforts to make the... Read more

date2 months ago
Qualcomm and GlobalFoundries sign billion-euro chip production deal

Qualcomm and GlobalFoundries sign billion-euro chip production deal

GlobalFoundries and Qualcomm extended their cooperation. GlobalFoundries' will produce chips for Qualcomm until at least 2028. According to the organizations, the deal is worth billions of euros. GlobalFoundries is a foundry. Foundries invest in factories and equipment to produce customers' chip... Read more

date2 months ago
Congress passes CHIPS Act, funneling billions to US chipmakers

Congress passes CHIPS Act, funneling billions to US chipmakers

The bill passed the Senate and now awaits President Biden's signature. Congress approved $52 billion in funding for domestic semiconductor manufacturing, as reported this week by The Verge. If the bill becomes law, popular tech products like gaming consoles and graphics cards would be easier and... Read more

date2 months ago
‘US must be independent of Taiwanese chip industry’

‘US must be independent of Taiwanese chip industry’

The US Department of Commerce wants the States to be independent of the Taiwanese chip industry. Commerce Secretary Gina Raimondo believes it's important to implement the Creating Helpful Incentives to Produce Semiconductors (CHIPS) as quickly as possible. According to the ministry, the US is to... Read more

date2 months ago
NXP seeks tax breaks for expansion in the United States

NXP seeks tax breaks for expansion in the United States

Dutch chip manufacturer NXP is negotiating tax breaks with Texan authorities in exchange for expanding its production capacity in Austin. According to Dutch media, the chip manufacturer wants to further expand its existing factories in Austin, the capital of Texas, US. NXP wants to invest roughl... Read more

date5 months ago
The Netherlands wants to invest €230 million in chip industry

The Netherlands wants to invest €230 million in chip industry

The Dutch government wants to invest €230 million in the European chip industry. The funding's intended for NXP, ASML, Nearfield Instruments, ThermoFischer and SMART Photonics. The plan has been known since 2021. On 21 September, the government presented a budget of 300 million for investments... Read more

date5 months ago
The Netherlands invests 470 million euros in chip manufacturing

The Netherlands invests 470 million euros in chip manufacturing

PhotonDelta is receiving a 1.1 billion euro investment to make The Netherlands a front runner in the field of photonic chips. About half of the investment (470 million euros) is financed by the Dutch government. The rest stems from PhotonDelta's partners. The Dutch government wants to positio... Read more

date6 months ago
ASML warns of long-term shortage of chip manufacturing machines

ASML warns of long-term shortage of chip manufacturing machines

ASML forecasts a two-year shortage of chip manufacturing machines. CEO Peter Wennink shared the expectation in a recent interview with the Financial Times. According to ASML CEO Peter Wennink, chip manufacturers will face machine shortages over the next two years. Supply chain problems originati... Read more

date6 months ago
Intel invests 33 billion euros in European chip industry

Intel invests 33 billion euros in European chip industry

Intel is pumping 33 billion euros into European chip factories, research sites and projects. In 2021, Intel promised an 80 billion euro investment plan for European chip production. Today, after weeks of radio silence, Intel confirmed new details. Intel is dividing 80 billion euros into sever... Read more

date7 months ago
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