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Absolics becomes first materials firm to get US CHIPS Act subsidy

Absolics, a joint venture between South Korean chemical material firm SKC and Applied Materials, signed a Preliminary Memorandum of Terms (PMT) with the US Department of Commerce (DoC) on May 23. It is the first semiconductor materials and component supplier to receive the CHIPS Act subsidy. ....

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Biden Administration Unveils $285M Funding For Semiconductor Institute - NVIDIA (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD)

President Biden's administration initiates a $285 million federal fund to pioneer a digital twin technology institute for semiconductors. This step, in line with the Chips and Science Act, aims to bolster US chip technology, reducing reliance on global supply chains. ....

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Micron granted US$6.1 billion in US subsidies

Micron granted US$6.1 billion in US subsidies
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Micron, Biden-Harris Administration, U.S. Senate Majority Leader Schumer Announce $6.1B in CHIPS and Science Act Funding for Historic Planned Investment in Domestic Leading-Edge Memory Manufacturing in Idaho and New York

Grants support Micron’s plans to invest approximately $50 billion in gross capex through 2030 Memory fabs in Idaho and New York to strengthen U.S. economic and national security, expected to create. ....

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Micron, Biden-Harris Administration, U.S. Senate Majority

Grants support Micron’s plans to invest approximately $50 billion in gross capex through 2030 Memory fabs in Idaho and New York to strengthen U.S.. ....

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