U.S. Commerce Secretary Gina Raimondo announced that advanced semiconductor companies have requested more than double the available federal funds for projects in the U.S. A $52.7 billion program is expected to provide significantly less than the $70 billion sought by chip companies.
U.S. govt wants to onshore 20% of leading-edge chip production by 2030 https://t.co/uWSlDD8v9V https://t.co/1acLJQOqHO
Financial Times @ft: Chipmakers Seek More Than $70 Billion in Federal Subsidies - The New York Times. #GenAI #AI #aiact https://t.co/XmnaeN1XOa
While US workers are skilled in chip design, the country lacks workers who want to work in, or have the skills necessary for, chip manufacturing. Subsidies to set up new fabs will not change that, warn Chang-Tai Hsieh, et al. https://t.co/VvOfg5Q4Ru
Commerce Secretary Gina Raimondo said Monday she is confident the U.S. will make 20% of the world's semiconductors by the end of the decade. https://t.co/n6WYfqXvV8
With over 600 CHIPS fund applicants seeking over $70B, don't get your hopes up https://t.co/5iuSApG15K
Leading-edge firms — which include @Intel @TWSemicon, and @Samsung — are seeking more than $70 billion from the 2022 #ChipsAct, Raimondo says This is more than double the amount of available federal funds for projects in the US https://t.co/P3sIWvwNjt #HPC #AI
U.S. Projected to Make 20% of the World’s Most Advanced Chips by 2030, Commerce Secretary Says https://t.co/GyuvbNJzjD
Intel, TSMC, and Samsung are demanding Biden double the funds on hand for chips, Raimondo says https://t.co/ckliyvwne5
Commerce Sec. Raimondo: U.S. set to become a major hub of leading-edge logic chip manufacturing https://t.co/SuGzdhkGiD
Chips companies will be lucky to get half of subsidies sought, US Commerce Secretary says https://t.co/kZRknJ9kRF https://t.co/c4G2VB4tAj
Biden wants the US to make 20% of all high-end chips by end of the decade https://t.co/J8VZJJoptM by @benwerschkul
US can house ‘entire’ supply chain for advanced chips: Commerce Dept https://t.co/gh6f0khUar
This is a tough math problem for Commerce: Advanced chip firms want more than $70b. Chips Act has $39b in grants, w $28b slated for leading-edge Something to watch as awards are announced is which firms tap the $75 loan pool & investment tax credits to supplement grant funding https://t.co/SGdm5CTa8x
⚠️ CHIPS COMPANIES WILL BE LUCKY TO GET HALF OF SUBSIDIES SOUGHT, US COMMERCE SECRETARY SAYS (Reuters) U.S. Commerce Secretary Gina Raimondo said Monday chips companies seeking government subsidies from a $52.7 billion program are expected get significantly less than they… https://t.co/XIIjPuwFHh
Advanced semiconductor companies have requested more than double the amount of available federal funds for projects under construction in the US, Commerce Secretary Gina Raimondo said. https://t.co/Y2u9wSBoK2
*US WILL INVEST MORE IN MATURE CHIP PRODUCTION: RAIMONDO time to ramp up those 80286