The Biden administration has announced dedicated R&D centers to push for semiconductor research to equip the country with domestic chip production capabilities and a solid workforce.
Chips and science act RSS
Samsung is going to get $6.4 billion from the US CHIPS and Science Act. As part of the arrangement, the company has promised to invest $40 billion in and around Austin, Texas, in the coming years.
Samsung will receive up to $7 billion next week, according to two sources speaking with knowledge of the matter. The US subsidy will help Samsung build more factories in Taylor, Texas.
The U.S. government, as part of the CHIPS and Science Act, has pledged to provide TSMC up to $6.6 billion for expanding its under-construction Arizona semiconductor fabrication units.
The Biden administration has said that companies receiving funds from the CHIPS subsidy will be required to pay the government if they do exceedingly well and accrue "excess profits".
Singapore aims to win its "fair share" of semiconductor investments amidst growing trade tensions between China and the United States, focusing on semiconductor assembly and design.
Japan joins US and Netherlands in restricting chip exports to China. New regulation comes amid US efforts to boost domestic chip production, including subsidies for semiconductor manufacturing.
President Joe Biden has signed the U.S. CHIPS and Science Act that provides subsidies worth $52.7 billion for the country's chip manufacturing industry and helping it compete against China.
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