All Of The Grants Given By The U.S. CHIPS Act All of the Grants Given by the U.S. CHIPS Act Data and Company Highlights -

All Of The Grants Given By The U.S. CHIPS Act All of the Grants Given by the U.S. CHIPS Act Data and Company Highlights

Apr 27, 2024Jeremy ParkinsonFinance0

All of the Grants Given by the U.S. CHIPS ActThis visualization shows which companies are receiving grants from the U.S. CHIPS Act, as of April 25, 2024. The CHIPS Act is a federal statute signed into law by President Joe Biden that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors.The grant amounts visualized in this graphic are intended to accelerate the production of semiconductor fabrication plants (fabs) across the United States.Data and Company HighlightsThe figures we used to create this graphic were collected from a variety of public news sources. The Semiconductor Industry Association (SIA) also maintains a tracker for CHIPS Act recipients, though at the time of writing it does not have the latest details for Micron.

Company Federal Grant Amount Anticipated Investment
From Company

Intel $8,500,000,000 $100,000,000,000

TSMC $6,600,000,000 $65,000,000,000

Samsung $6,400,000,000 $45,000,000,000

Micron $6,100,000,000 $50,000,000,000

GlobalFoundries $1,500,000,000 $12,000,000,000

Microchip $162,000,000 N/A

BAE Systems $35,000,000 N/A

BAE Systems was not included in the graphic due to size limitationsIntel’s Massive PlansIntel is receiving the largest share of the pie, with $8.5 billion in grants (plus an additional $11 billion in government loans). This grant accounts for 22% of the CHIPS Act’s total subsidies for chip production.From Intel’s side, the company is expected to invest $100 billion to construct new fabs in Arizona and Ohio, while modernizing and/or expanding existing fabs in Oregon and New Mexico. Intel could also claim another $25 billion in credits through the U.S. Treasury Department’s Investment Tax Credit.TSMC Expands its U.S. PresenceTSMC, the world’s largest semiconductor foundry company, is receiving a hefty $6.6 billion to construct a new chip plant with three fabs in Arizona. The Taiwanese chipmaker is expected to invest $65 billion into the project.The plant’s first fab will be up and running in the first half of 2025, leveraging 4 nm (nanometer) technology. According to TrendForce, the other fabs will produce chips on more advanced 3 nm and 2 nm processes.The Latest Grant Goes to MicronMicron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030. This investment will be used to construct new fabs in Idaho and New York.More By This Author:Economic Growth Forecasts For G7 And BRICS Countries In 2024How Tech Logos Have Evolved Over TimeHow Debt-To-GDP Ratios Have Changed Since 2000