Chipmaker TSMC said that it aims to invest “at least” $100 billion in chip manufacturing plants in the U.S. over the next four years as part of an effort to expand the company’s network of semiconductor factories. President Donald Trump announced the news during a press conference Monday. TSMC’s cash infusion will fund the construction…
Category: Chips Act
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Intel has already received $2.2B in federal grants for chip production
Semiconductor giant Intel Corporation has already received $2.2 billion in federal grants from the U.S. Department of Commerce through the U.S. CHIPS and Science Act, the company shared during its Thursday earnings call. Dave Zinsner, Intel’s co-interim CEO, executive vice president and CFO, said the Silicon Valley-based company received the first tranche of $1.1 billion…