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SkyWater Technology Inc. is backing away from plans to build a $1.8 billion semiconductor production and R&D facility in Indiana. "SkyWater has released its option on the land but remains a valued ...
The CHIPS Act is meant to bring some of that disparity into balance, with Commerce Secretary Gina Raimondo saying the US would produce 20% of the world’s most advanced chips by 2030. Plants and ...
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion.
"Chipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company a roughly $8 billion grant," CNBC's Rohan Goswami wrote Monday, "as the Biden administration ...
In early 2021, SkyWater acquired an additional chip factory in Osceola, Florida, [7] repurposing the University of Central Florida NeoCity fabrication facility into a second fabrication site. [8] It expanded its facility and added 100 new jobs in 2021, partially due to funding from the Minnesota Department of Employment and Economic Development.
When the CHIPS and Science Act passed in 2022, it had bipartisan support. But the law has emerged as a point of contention between Republicans and Democrats in the final days of the election ...
Officials counter that CHIPS Act money comes with rigorous terms that require receiving companies to stay in the U.S. long-term, and that manufacturing jobs will be protected by semiconductors ...
On the Senate floor last week, Sanders singled out Intel , after CEO Pat Gelsinger threatened to move a planned chip manufacturing facility in Ohio outside of the U.S., if Congress failed to act.