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Chips Act

All articles tagged with #chips act

Quantum funding clash: US bets on a quantum foundry under legal scrutiny
technology2 days ago

Quantum funding clash: US bets on a quantum foundry under legal scrutiny

The US unveiled $2 billion in quantum-computing investments tied to the CHIPS Act, prompting lawmakers who say the spending isn’t aligned with the Act’s purpose; IBM-backed Anderon will be created as a quantum foundry with $1 billion from IBM and $1 billion from the government, transferring IP and staff to fabricate quantum chips. While the move could accelerate progress by giving startups better access to high-quality fabrication, it also raises questions about legality, government priorities, and the long-term market for such specialized hardware.

Shareholder sues over 10% US government stake cited as shield against Trump pressure
business2 months ago

Shareholder sues over 10% US government stake cited as shield against Trump pressure

A shareholder-led Delaware Court of Chancery suit claims Intel’s CEO Lip-Bu Tan and the board granted the US government a 10% stake in Intel—worth about $11 billion—without meaningful consideration, allegedly to protect executives from extortion-like threats and social-media attacks by Donald Trump. The deal, funded by converting Biden-era CHIPS Act grants, followed Trump’s criticisms and a White House visit, and the complaint also targets Skadden for advising both Intel and the government; it seeks to unwind the arrangement. Intel declined to comment, and the stock has risen since the deal was struck as the company pursues its foundry ambitions.

Federal Government Ends $285M Contract with Durham CHIPS Institute
business5 months ago

Federal Government Ends $285M Contract with Durham CHIPS Institute

The U.S. federal government has terminated a $285 million contract with Durham-based Smart USA Institute for the CHIPS Act project, citing 'convenience,' despite the company meeting all performance targets. The project aimed to boost domestic semiconductor manufacturing and incorporate AI technologies like digital twins. Smart USA is now planning next steps after the funding loss.

Trump's Intel Deal Sparks Controversy Over Government Intervention in Capitalism
politics8 months ago

Trump's Intel Deal Sparks Controversy Over Government Intervention in Capitalism

President Trump's plan to invest nearly $9 billion in Intel, making the US government the company's largest shareholder, has received unexpected praise from progressives like Bernie Sanders, who previously supported similar ideas, while facing criticism from Republicans and some Democrats for its implications on capitalism and labor policies.

Trump Administration Secures 10% U.S. Stake in Intel
business9 months ago

Trump Administration Secures 10% U.S. Stake in Intel

Intel's $8.9 billion investment from the Trump administration is actually from previously awarded grants under the Biden-era CHIPS Act and Secure Enclave program, not new funds. Trump praised the deal despite criticizing the CHIPS Act, which he called a 'horrible' policy. The investment is passive, with no governance rights, and reflects ongoing U.S. efforts to bolster domestic chip manufacturing.

US Government Declines to Take Stakes in TSMC and Micron Amid CHIPS Act
business9 months ago

US Government Declines to Take Stakes in TSMC and Micron Amid CHIPS Act

The U.S. government is not planning to take an equity stake in Taiwan Semiconductor Manufacturing (TSMC), despite its investments in the U.S. and plans to demand shares in Intel. TSMC has committed $165 billion to U.S. investments, but officials are avoiding ownership stakes to prevent controversy and protect Taiwanese interests. Meanwhile, Intel hopes increased government support could boost its role in domestic semiconductor manufacturing, with analysts seeing potential benefits if the government encourages collaboration among chip companies.