The CHIPS Act, aimed at funding US semiconductor manufacturing, faces criticism for being loaded with pork, causing chipmakers to reconsider building fabs in the US. Intel's $3.5 billion investment raises concerns about the fund's adequacy. Congress has funded chipmaker subsidies but lacks focus on boosting science. Biden's efforts to attract foreign chip and EV investments hit obstacles as Samsung and TSMC hesitate due to high costs. President Biden and Commerce Secretary Raimondo will announce Intel's CHIPS Act grant in Arizona on March 20, with Samsung poised to receive over $6 billion for expanded US investment.
Biden to inject Intel with CHIPS fab cash 'next week' https://t.co/XWBVGke1ut
Samsung expected to win $6B+ in CHIPS Act funding https://t.co/VIyja4Ew1H
U.S. government set to announce multi-billion dollar Intel grant in Arizona next week: Report https://t.co/M5YlYDVWwc https://t.co/0QBD1Fzt4s
Samsung poised to win over $6 bln from US for expanded investment, Bloomberg News reports https://t.co/rsuyuofmMZ https://t.co/ANEqnRJBXU
President Biden will announce a multi-billion $$ CHIPS Act award for Intel in Arizona next week, media report, saying the mix of grants and loans are aimed at helping Intel expand semiconductor production in the USA. Awards for South Korea’s Samsung and Taiwan’s TSMC are expected…
Samsung Poised To Win Over $6 Billion For Expanded US Investment - BBG https://t.co/X0HTbxr8kr
Biden to announce Intel chips grant in Arizona next week, sources say https://t.co/K9Plak6aZT
U.S. PRESIDENT BIDEN AND COMMERCE SECRETARY GINA RAIMONDO TO ANNOUNCE INTEL'S CHIPS ACT GRANT IN ARIZONA ON MARCH 20-SOURCES
$INTC | US Pres. Biden, Commerce Sec. To Announce Intel’s Chips Act Grant In Arizona On March 20th, According To Sources
Biden’s big play to attract foreign chip and EV investments could be stumbling as Samsung, TSMC and others reportedly balk at high costs. https://t.co/wGe9sBPqQn
"Intel’s $3.5 Billion Boondoggle" https://t.co/vvDRd8VHLg "Experts and congressional sources say the move threatens to further strain a fund that is already much too small to meet the needs of U.S. semiconductor manufacturers." 🤔 https://t.co/nxBZZCIeEf
"Two years in, Congress has fully funded subsidies for chipmakers. The big boost in science, however, is way off target... [I]t threatens an important pillar of Biden’s industrial policy." https://t.co/TJv8hIffBR https://t.co/ihCe1tQJjz
https://t.co/wX64nDsVZ6 The title's more culture-war-y than I like, but the article is good. The CHIPS Act was meant to fund US domestic semiconductor manufacturing. But it's so loaded with pork that chipmakers are giving up on actually building fabs here.