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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 Korea's 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