All articles tagged with #chips act
Census data show manufacturing construction spending surged under Biden—with CHIPS Act megaprojects driving growth and spending peaking in 2024—before easing in 2025; Trump’s repeated claim of a 41% rise uses a different comparison window and is not supported by the broader data, while tariffs and policy headwinds have affected costs and jobs.
The U.S. federal government has terminated a $285 million contract with Durham-based Smart USA Institute for the CHIPS Act project, citing 'convenience,' despite the company meeting all performance targets. The project aimed to boost domestic semiconductor manufacturing and incorporate AI technologies like digital twins. Smart USA is now planning next steps after the funding loss.
OpenAI has urged the US government to expand the Chips Act tax credit to include AI data centers, servers, and electrical components to reduce costs and support the growth of AI infrastructure in the US, amidst ongoing discussions about government support and industry funding strategies.
The US government is in early discussions to financially support quantum computing companies, aiming to strengthen national security and maintain technological leadership amid rising competition with China, with potential funding from the Chips Act and strategic negotiations similar to Intel's stake deal.
President Trump's plan to invest nearly $9 billion in Intel, making the US government the company's largest shareholder, has received unexpected praise from progressives like Bernie Sanders, who previously supported similar ideas, while facing criticism from Republicans and some Democrats for its implications on capitalism and labor policies.
Intel warned that the U.S. government's plan to take a roughly 10% equity stake in the company could pose regulatory and operational risks, especially affecting its international business and future transactions, amid ongoing debates over government involvement in private companies.
President Trump announced plans to pursue further government investments in major companies, starting with a 10% stake in Intel, signaling a shift towards more direct government involvement in private industry, especially in the tech sector, which raises concerns about market interference and long-term economic impacts.
The U.S. government, under advisement from Trump officials, may increase its equity stakes in companies, exemplified by its recent nearly 10% investment in Intel through funds from the CHIPS Act, potentially establishing a sovereign wealth fund-like structure to support domestic industries and investments.
Intel's $8.9 billion investment from the Trump administration is actually from previously awarded grants under the Biden-era CHIPS Act and Secure Enclave program, not new funds. Trump praised the deal despite criticizing the CHIPS Act, which he called a 'horrible' policy. The investment is passive, with no governance rights, and reflects ongoing U.S. efforts to bolster domestic chip manufacturing.
The U.S. government is not planning to take an equity stake in Taiwan Semiconductor Manufacturing (TSMC), despite its investments in the U.S. and plans to demand shares in Intel. TSMC has committed $165 billion to U.S. investments, but officials are avoiding ownership stakes to prevent controversy and protect Taiwanese interests. Meanwhile, Intel hopes increased government support could boost its role in domestic semiconductor manufacturing, with analysts seeing potential benefits if the government encourages collaboration among chip companies.
The Trump administration plans to take an equity stake in Intel as part of efforts to boost US chip manufacturing, potentially using grants from the CHIPS Act, though experts warn the move could backfire.
US Senator Bernie Sanders supports President Trump's plan to convert grants to chipmakers like Intel into government stakes, aiming to boost domestic semiconductor production and ensure taxpayer returns, amidst broader bipartisan interest in government investment in the tech industry.
U.S. Commerce Secretary Howard Lutnick is exploring the possibility of the federal government taking equity stakes in chip manufacturers like Intel, Micron, TSMC, and Samsung that receive CHIPS Act funding, aiming to increase U.S. influence and secure national interests in the semiconductor industry.
Howard Lutnick criticizes the CHIPS Act, calling it a giveaway to wealthy companies like Intel and TSMC, and advocates for the U.S. government taking equity stakes in tech firms to ensure better returns and influence, contrasting current policies with those of the Trump administration.
The U.S. government plans to take an equity stake in Intel as part of its efforts to bolster domestic semiconductor manufacturing, with the aim of getting a good return for taxpayers. This move follows recent investments and policy actions to support U.S. tech industry and manufacturing, amidst Intel's struggles to compete with Nvidia and AMD.