In related news

  • Micron set to get $6 billion in chip grants from US, Bloomberg reports

    Memory chip maker Micron Technology is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday. The award, which is not yet finalized, could be announced as soon as next week, the report said, citing people familiar with the matter. New York Governor Kathy Hochul said in a statement that the largest private investment in American history is on its way to Central New York. New federal funding...

  • Samsung receives $6.4 billion in CHIPS grants, will boost production in Texas

    According to a statement from President Biden, the preliminary agreement between Samsung and the Department of Commerce will bring the Korean firm's advanced semiconductor manufacturing and research and development to Texas.Read Entire Article

  • TSMC wins $6.6 billion US subsidy for Arizona chip production

    The U.S. Commerce Department said on Monday it would award Taiwan Semiconductor Manufacturing Co's (TSMC) U.S. unit a $6.6 billion subsidy for advanced semiconductor production in Phoenix, Arizona and up to $5 billion in low-cost government loans. TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030, Commerce said in announcing the preliminary award. The Taiwanese company will produce the world's most advanced 2 nanometer technology at...