Governments worldwide are investing billions in semiconductor production to bolster technological competitiveness, with close to $380 billion earmarked for companies like Intel and TSMC. Western powers are allocating significant sums, including $80 billion for AI chips and $81 billion for semiconductor supremacy, to stay ahead of Chinese competition. The Biden administration is also providing up to $120 million in incentives to Polar Semiconductor for chip facility expansion.
$MU $INTC $ASML $QCOM | China's Semiconductor Spending Tops US With $142B Commitment: Global Chip Race Heats Up Global plans to subsidize domestic semiconductor industries are pegged at at least $380 billion for the coming years. Major advanced economies and some emerging… https://t.co/HVgBHweQEn
Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday. https://t.co/2L9h3FgviA
White House proposes up to $120 million to help fund Polar Semiconductor’s chip facility expansion: https://t.co/qJSam9f2N6 by TechCrunch #infosec #cybersecurity #technology #news
-China's $138 billion bond sale -Apple teams up with OpenAI -Biden administration to announce tariffs on Chinese EVs @ManusCranny reports. Tune into "Bloomberg Brief" at 5am ET https://t.co/XPAFHs6i0s https://t.co/G9bQWNjIwO
#NEWS: Today, the Biden-Harris Administration announced that @CommerceGov & Polar Semiconductor have reached a non-binding preliminary memorandum of terms to provide the company with up to $120M in proposed federal incentives under the CHIPS & Science Act. https://t.co/jUvCCiXr6m https://t.co/eth682CApu
Global Chips Battle Intensifies With $81 Billion Subsidy Surge - BBG https://t.co/0MYCq0qhvG
From Bloomberg TOP this AM: -Global Chips race jolted by $81bn in subsidies - Intel, Apollo near $11bn Chip Plant Deal -Biden ramps up war with China over Electric Vehicles We’re still in the hype cycle https://t.co/nA9w0VPWPU
Bloomberg: ‘Global Chips Battle Intensifies with $81 Bn Subsidy Surge’ Quick Take: Much of this is unnecessary corporate welfare. ASML is safely in Dutch hands. SK Hynix is safely in South Koreas hands Tokyo Electron… you get it. Intel, GFS, Micron, AMD don’t need big… https://t.co/Ua3M0elmDv
Europe and the US are spending $81 billion on semiconductor supremacy https://t.co/VWm8Fd4B2R https://t.co/gInauhUN65
🇺🇸🇨🇳 WESTERN POWERS INVEST $80 BILLION IN CHIPS FOR A.I. SUPERAMCY An alliance of Western governments has earmarked huge sums for Korean and Taiwanese Semiconductor producers in a bid to stay ahead of Chinese technological competition. Advocates justify the move by referencing… https://t.co/5VV49oCR51
JUST IN: Bloomberg reports that close to $380 billion has been 'earmarked by governments worldwide for companies like Intel and TSMC to boost production of more powerful microprocessors'
How China is fortifying its economy for war with the West The world is at risk of a ‘fundamental rewiring’ after Xi Jinping’s years of quiet preparation - Read the full analysis below 👇 https://t.co/NIQCK3USGy https://t.co/ykIWQc5vAT