Headline : All the chip companies getting billions in U.S. subsidies (so far)

Read more from the original article on here at qz.com.

---

No. of Paragraph 27

As generative artificial intelligence takes off and tensions between the U.S. and China rise, the Biden administration is making a multi-billion dollar effort to bring chipmaking back to the U.S.

President Joe Biden signed the bipartisan CHIPS and Science Act in 2022 to boost semiconductor manufacturing as well as research and development. The $280 billion package, which is not only focused on chips, includes $52 billion in subsidies for semiconductors. So far, over half of that has been allocated to chip designers and manufacturers in the U.S.

See which 14 companies have already received funding from the Chips Act, and how much they’ve gotten.

Semiconductor pioneer Intel has received the largest amount of funding so far from the Chips Act, with $8.5 billion in direct government funding and $11 billion in federal loans. Intel plans to invest over $100 billion in the U.S. over the next five years to build chipmaking sites in Arizona, New Mexico, Ohio, and Oregon.

Read more from the original article on here at qz.com.

Related Headlines : All the chip companies getting billions in U.S. subsidies (so far) (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.