"Tracking Biden's Billions: The Semiconductor Industry's Next Moves"
TL;DR
The Biden administration has allocated up to $6.4 billion to Samsung for chipmaking, marking a shift towards focusing on memory chips and other crucial areas in semiconductor manufacturing. This follows previous awards to companies like TSMC and Intel, with roughly $23 billion of the $39 billion set aside already allotted. The remaining funds are expected to support various aspects of the semiconductor industry, including leading edge memory chips and the semiconductor supply chain, as the administration aims to increase US production of advanced logic chips to 20% by the end of the decade.
Topics:businesstechnology-business#biden-administration#chipmaking#samsung#semiconductor-manufacturing#technology-business#us-economy
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- Biden gives Samsung $6.4 billion in grants to boost Texas chip output CNN
- Raimondo: Commerce Dept. will spend all of the CHIPS Act grant money this year CNBC
- Bumps, bipartisanship in long fight for semiconductor bill The Associated Press
- Why chipmakers are investing billions into 'advanced packaging' Financial Times
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