All articles tagged with #semiconductor production
Micron Technology Inc. is set to receive over $6 billion in grants from the Commerce Department to support domestic factory projects, as part of a push to bring semiconductor production back to the US. The announcement, expected next week, will also include loans as part of the award package, with the total value of the loans yet to be determined.
Micron Technology Inc. is expected to receive over $6 billion in grants from the Commerce Department to support domestic factory projects as part of the effort to bring semiconductor production back to the US. The award, which is not yet finalized, could be announced as soon as next week. This funding is part of the 2022 Chips and Science Act, which aims to revitalize American chipmaking. Micron has pledged to build multiple factories in New York and Idaho, with plans to prioritize projects that begin production by the end of the decade. The company's competitors, Samsung and SK Hynix Inc., also have plans to build factories in the US as part of a significant private semiconductor investment spurred by the Chips Act.
The Biden administration has awarded Samsung up to $6.4 billion in grants to support the construction of a new chip manufacturing hub in Taylor, Texas, and the expansion of an existing site in nearby Austin. This initiative is part of a larger effort to bolster domestic production of cutting-edge semiconductors and is funded by the CHIPS Act, which aims to strengthen the U.S. supply of semiconductors. The grants will help create a U.S. hub for the development and production of leading-edge semiconductors, with Samsung also planning to build a research and development facility and an advanced factory for packaging semiconductors in Taylor.
The U.S. Commerce Department has awarded TSMC's U.S. unit a $6.6 billion subsidy for advanced semiconductor production in Arizona, with an additional $5 billion in low-cost government loans. TSMC plans to expand its investment to $65 billion and add a third fab by 2030, producing 2 nanometer technology. This investment is the largest foreign direct investment in a completely new project in U.S. history and is expected to create thousands of jobs. TSMC's Arizona factories aim to achieve a 90% water recycling rate and support key customers like Apple, Nvidia, AMD, and Qualcomm.
President Biden and Commerce Secretary Raimondo are set to announce a multi-billion-dollar grant for Intel Corp to expand chip production in Arizona next week, as part of the U.S. CHIPS Act's efforts to boost domestic semiconductor production. Intel, with facilities in Arizona, has invited stakeholders to the event, and the U.S. government has been working to increase domestic semiconductor production through substantial funding.
Taiwan Semiconductor Manufacturing Co (TSMC) is reportedly set to receive over $5 billion in federal grants from the U.S. government for establishing a chipmaking plant in Arizona, as part of the 2022 Chips and Science Act. This move aligns with the U.S. efforts to bolster domestic semiconductor production. TSMC's investment in the Arizona plant is expected to be around $40 billion, marking one of the largest foreign investments in U.S. history. The company's advanced manufacturing processes are crucial for producing industry-leading artificial intelligence chips, and the demand for advanced packaging remains strong, posing a challenge in meeting customer needs.
Taiwan Semiconductor Manufacturing Co (TSMC) is reportedly set to receive over $5 billion in federal grants from the U.S. government to establish a chipmaking plant in Arizona, as part of the 2022 Chips and Science Act. This move aligns with the U.S. government's efforts to bolster domestic semiconductor production. TSMC, known for producing chips used in Apple's iPhones, plans to invest around $40 billion in the Arizona plant, marking one of the largest foreign investments in U.S. history. The company's advanced manufacturing processes are crucial for the production of industry-leading artificial intelligence chips, and it has cited strong demand for advanced packaging, which has been a bottleneck for scaling up the supply of complex AI chips.
GlobalFoundries has secured $1.5 billion in funding from the Biden administration to enhance semiconductor production in the US under the CHIPS Act. The funding will be used for building a new fabrication facility in New York, expanding an existing facility, and modernizing a plant in Vermont. These projects aim to increase semiconductor production for various industries, including automotive, aerospace, defense, and AI, and create jobs while improving domestic semiconductor supply chains.
The European Union has approved a €43 billion plan to boost semiconductor production and develop more fabs in the region, with the aim of doubling the EU's global market share from 10% to at least 20% by 2030. The move is intended to reduce foreign dependencies and prepare for future chip shortages. The Chips Act follows the United States' increased investments in domestic semiconductor production, with the US dedicating $52 billion to compete with China.
Foxconn plans to apply for incentives under India's semiconductor production plan after withdrawing from a $19.5 billion chipmaking joint venture with Vedanta. The Taiwanese firm remains committed to chipmaking in India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem. Foxconn is in talks with potential partners to make semiconductors in India using mature chip manufacturing technology for products including electric vehicles. The breakup with Vedanta is a setback for Prime Minister Narendra Modi's chipmaking plans, but the Indian government maintains that it will not impact the country's semiconductor plans.
The US Commerce Secretary, Gina Raimondo, has said that the US "won't tolerate" China's effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such "economic coercion". Raimondo also raised the Micron issue in a meeting on Thursday with China's Commerce Minister, Wang Wentao. The US is investing in the $52 billion CHIPS Act to foster semiconductor production in the United States and welcomes participation from companies in IPEF countries.
Tesla CEO Elon Musk met with Samsung Electronics executives, including Executive Chairman Lee Jae-yong, to discuss potential cooperation in autonomous driving and semiconductor production. Samsung has previously collaborated with Tesla on the development of chips for autonomous driving. However, Tesla is reportedly considering Taiwan Semiconductor Manufacturing Company Limited (TSMC) as its supplier for next-generation Full Self-Driving (FSD) computer chips. Tesla's need for cutting-edge technology makes it a lucrative client for companies like Samsung and TSMC.
Bosch has agreed to acquire key assets of TSI Semiconductors and invest $1.5 billion to expand US production of silicon carbide chips for electric vehicles. The TSI facility will become the "third pillar" of in-house semiconductor production, along with two sites in Germany. Bosch plans to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by 2026. The investment will be heavily dependent on federal funding opportunities through the CHIPS act as well as state subsidies.
Two rocket launches with ESA-led experiments are flying to the edge of space just a week apart, providing unique data to researchers eager to learn more about fundamental physics, semiconductor production, the formation of planets and how our immune cells react to spaceflight. The experiments include investigating the interaction between free-floating particles and growing crystals, simulating the first stages of planet formation, studying how flames propagate through clouds of iron particles, and looking at how the gene expression system in immune cells responds to the sounding rocket flight.