By Britney Nguyen

 

WASHINGTON, 17 June. - (ANA) - The CHIPS and Science is meant to bring semiconductor manufacturing stateside. More than half of an eventual $52 billion has been allocated.

 

As generative artificial intelligence takes off and tensions between the U.S. and China rise, the Biden administration is making a multi-billion dollar effort to bring chipmaking back to the U.S.

 

President Joe Biden signed the bipartisan CHIPS and Science Act in 2022 to boost semiconductor manufacturing as well as research and development. The $280 billion package, which is not only focused on chips, includes $52 billion in subsidies for semiconductors. So far, over half of that has been allocated to chip designers and manufacturers in the U.S.

 

See which eight companies have already received funding from the Chips Act, and how much they’ve gotten.   - (ANA) -

 

AB/ANA/17 June 2024