The CHIPS Act has led to significant business activity, with over $70 billion in subsidies requested by hundreds of companies, nearly double the available amount. Chip companies and supply chain partners have announced investments totaling $327 billion over the next 10 years. Intel received the largest award of $8.5 billion under the bipartisan CHIPS & Science law, aiming to lead in microchip engineering. The CHIPS Act and Science Act are driving investments in clean energy manufacturing and skilled trades, creating thousands of careers.
The US Chips Act has not only been a success - it’s sparked a multibillion-dollar investment boom https://t.co/GYw45SNyI2
Our Inflation Reduction Act and CHIPS and Science Act are delivering investments that are creating thousands of careers in clean energy manufacturing and skilled trades in New Mexico. https://t.co/qjFbgCEVJN
ICYMI: @Intel is receiving the largest award so far from our bipartisan CHIPS & Science law! Proud to secure this historic $8.5 billion investment ensuring AZ leads our country in microchip engineering, research, and manufacturing now and into the future. https://t.co/rPdl0pSKsM
CHIPS Act is working as billions of dollars in payouts is divvied out to semiconductor makers https://t.co/YFsjDu82pl
Just over half of the chips incentives from the CHIPS and Science Act have been spent, and “Chip companies and supply chain partners have announced investments totaling $327B over the next 10 years, according to Semiconductor Industry Association calculations.”…
The CHIPS Act has generated a flurry of business activity. Hundreds of companies have submitted statements of interest and requested more than $70 billion in subsidies—nearly double the amount available. Here's what to know: https://t.co/JSTSQLLVy6