Showing posts with label Chips and Science Act. Show all posts
Showing posts with label Chips and Science Act. Show all posts
Friday, March 7, 2025
Trump’s CHIPS demand creates a $52 billion headache for Congress - POLITICO
"First of all, how is he going to cancel it, right? Can you do it through budget reconciliation? Maybe he'll try," Sen. Mark Kelly (D-Ariz.) told reporters Wednesday. "But you normally have to do this through legislation, and you need 60 votes in the Senate, and a ton of Republicans are supportive of the legislation."…
Friday, February 14, 2025
Exclusive: Trump prepares to change US CHIPS Act conditions, sources say | Reuters
Four sources with knowledge of the discussions told Reuters that the White House is concerned about many of the terms underpinning the $39 billion Chips and Science Act industry subsidies.
Those encompass additional clauses, including requirements added into contracts by the administration of President Joe Biden, including that recipients must use unionized labor to build factories and help provide affordable childcare for factory workers...
Wednesday, December 18, 2024
Saturday, November 16, 2024
Biden administration finalizes $6.6B in chips grants for TSMC before Trump takes office
"Today's announcement is among the most critical milestones yet in the implementation of the bipartisan CHIPS & Science Act, and demonstrates how we are ensuring that the progress made to date will continue to unfold in the coming years, benefitting communities all across the country," Biden said in a statement.
The grant is expected to create $65 billion of private investment by TSMC in Arizona, Biden said, which will include three new facilities and the creation of tens of thousands of jobs by the end of the decade. The first of the company's new facilities is on track to open next year...
Wednesday, March 20, 2024
Biden to Announce Multibillion-Dollar Grant for Intel to Expand Chip Production - The New York Times
The announcement in Phoenix, Ariz., is a major award from Mr. Biden's $39 billion CHIPS and Science Act, which is aimed at building up the U.S. semiconductor industry and reducing reliance on technology made in East Asia...
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