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Tag Archives: CHIPS and Science Act
More US Jobs Coming from Chips and Science Act
With investments such as those at TSMC Arizona, the United States is now on track to produce roughly 20% of the world’s leading-edge chips by 2030. With total capital expenditures of more than $65 billion, TSMC Arizona’s investment is the largest foreign direct investment in a greenfield project in U.S. history. Continue reading
Posted in economy, electric vehicles, electronics, manufacturing, milestones, news analysis
Tagged 2 Nanometer or More Advanced Chips, AMD, apple, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bidenomics, CHIPS and Science Act, Dr. Mark Liu, Ken Zino, large-scale datacenters, machine learning, NVIDIA, President Joe Biden, Qualcomm, Taiwan Semiconductor Manufacturing Company, The U.S. Department of Commerce, TSMC Arizona Corporation
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Department of Commerce Proposes $8.5B Intel Funding
The U.S. Department of Commerce and Intel Corporation have reached a non-binding preliminary memorandum of terms (PMT) to provide up to $8.5 billion in direct funding under the CHIPS and Science Act to strengthen the U.S. supply chain and re-establish American leadership in semiconductor manufacturing, the Biden-Harris Administration said today. This is the Department of Commerce’s fourth PMT announcement under the CHIPS and Science Act. So-called leading-edge chips power the most sophisticated technology extant, including developing AI and building critical military systems and weapons.
“There is no one who cares more about revitalizing American manufacturing than President Biden, and today’s announcement is a massive step towards ensuring America’s leadership in manufacturing for the 21st century. With this agreement, we are helping to incentivize over $100 billion in investments from Intel – marking one of the largest investments ever in U.S. semiconductor manufacturing, which will create over 30,000 good-paying jobs and ignite the next generation of innovation,” said U.S. Secretary of Commerce Gina Raimondo. Continue reading
Posted in auto news, autonomous cars, autonomous vehicles, economy, electric vehicles, electronics, engineering, manufacturing, milestones, news analysis, software defined vehicles, software defined vehicles
Tagged artificial intelligence, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden-Harris Administration, CHIPS and Science Act, Gina Raimondo, Intel, Intel 18A, Ken Zino, Pat Gelsinger, semi-conductors, U.S. Department of Commerce
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CHIPS and Science Act Phase 2 – Growth and Defense
The project will replace aging tools and quadruple the production of chips necessary for critical defense programs, including the F-35 fighter jet program. This begins of the next phase of implementation of the CHIPS and Science Act, a critical part of President Biden’s Investing in America agenda that supports a strong national defense and a growing American economy. Continue reading
Posted in aviation, economy, electronics, engineering, manufacturing, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BAE Systems, Biden-Harris Administration, CHIPS and Science Act, CHIPS Incentives, Ken Zino, Secretary of Commerce Gina Raimondo, semiconductors
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CHIPS Act – National Security Rules Issued
“CHIPS for America is fundamentally a national security initiative and these guardrails will help ensure companies receiving US Government funds do not undermine our national security as we continue to coordinate with our allies and partners to strengthen global supply chains and enhance our collective security,” claimed Secretary of Commerce Gina Raimondo.
As with all such bills emanating in Washington, the devil is in the details of how the stated goal of enhancing global supply chain resilience in coordination with allies and partners will be governed, at least on paper. Nevertheless, this appears to be another successful implementation of awakened policies in the areas of national security, trade, jobs and the economy. It is also a diplomatic victory. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, Bureau of Industry and Security Entity List, Chinese Military-Industrial Complex Companies, CHIPS and Science Act, Gina Raimondo, industrial policy, Ken Zino, Ken Zino of AutoInformed.com on CHIPS and Science Act - National Security Rule Issued, US Department of Commerce
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First CHIPS for America Funding Applications Now Open
Awards will take the form of direct funding, federal loans, and/or federal guarantees of third-party loans. Awards are designed to complement—not replace—private investment and other sources of funding, and applicants are strongly encouraged to bring capital to the table. CHIPS for America awards will be made as soon as applications can be rigorously evaluated and negotiated. The automobile industry, of course, has been hobbled by interruptions in its supply of offshore-produced chips or semi-conductors. Continue reading
CHIPS Act – a Vision for America’s Technological Leadership
US Secretary of Commerce Gina Raimondo today delivered a speech titled “The CHIPS Act and a Long-term Vision for America’s Technological Leadership” at Georgetown University’s School of Foreign Service. In her remarks, Raimondo outlined the opportunity provided by the CHIPS and Science Act and the long-term goals she has set for the program to solidify America’s technology and innovation leadership while protecting America’s economic and national security. Continue reading
US Made Semiconductors – GM, GlobalFoundries Ink Deal
“I have long said that Upstate New York’s semiconductor corridor will be a major engine powering America’s technological future, and now ‘Made in New York’ chips will help jumpstart the next generation of vehicles for GM across the country,” said U.S. Senate Majority Leader Charles Schumer. Schumer of course we key in developing and passing the Biden Administration’s bi-partisan CHIPS and Science Act, which is bringing manufacturing back to US supply chains. Continue reading
Hemlock Semiconductor to Open New Plant in Michigan
Governor Gretchen Whitmer of Michigan today confirmed that the Biden-Harris administration provided the proposed direct funding of $325 million to Michigan-based manufacturer Hemlock Semiconductor (HSC)*
“HSC is one of many Michigan-based companies that is helping us lead the future of advanced manufacturing. Thanks to the Biden-Harris administration’s bipartisan CHIPS and Science Act and the U.S. Department of Commerce, we are ensuring HSC’s global leadership in the powerful domestic supply chain to manufacture semiconductor chips needed for everything from computers and phones to AI applications. Together, we are strengthening national and economic security by ensuring supply chains, good-paying jobs, and cutting-edge investments are where they belong—here at home. Let’s build the future we all want—one where America leads,” said Whitmer. Continue reading →