Us Chips Act News Today

Breaking Tech News - SEMI Issues Statement on Change to U.S. CHIPS Act Notice of Funding Opportunity

The collaboration will take place as part of the US CHIPS Act, a 2022 law that created a $500 million fund for developing the semiconductor supply chain through initiatives with allies and partners.

Key initiatives are said to include tax incentives, industry grants, and collaboration with private firms like FPT, the largest information technology service company in Vietnam. Big players such as Nvidia and Samsung have already shown interest in expanding operations in Vietnam.

Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications.

Companies such as Nvidia, Intel and Qualcomm have warned that a US pullback could accelerate Chinas development of an independent chip industry, paving the way to a world dominated by Chinese-created chips rather than American-designed chips.

Globalfoundries: The CHIPS and Science Act provides a total of $52.7 billion in subsidies for US semiconductor production, research and workforce development. It also includes a 25% investment tax credit for building chip plants estimated to be worth $24 billion.

South Koreas Samsung Electronics and SK Hynix got a year-long waiver from the US to import US chip-making equipment into China, allowing them to supply equipment for their chip production facilities in China without additional licensing requirements.

US Vietnam Deal On Semiconductor: The United States and Vietnam, on Sunday, signed a deal on semiconductor supply chains to expand the capacity of the semiconductor ecosystem in Hanoi, in support of the US industry.

The US has been pushing for the upgrade for months as it sees the Southeast Asian manufacturing dynamo as a key country in its strategy to secure global supply chains from China-related risks.

The intense fight for semiconductor investments among various countries has raised concerns that it will eventually turn into a price war. But demand for chips may outweigh those concerns