The CHIPS Act funds: A chronological account of subsidies to chipmakers

March 2024

Intel secured $8.5 billion in financing, the largest among all CHIPS Act grants until now. With this investment, Intel anticipates enhancing its business semiconductor ventures across Arizona, New Mexico, Ohio, and Oregon. The corporation has indicated that the allocation will result in over 10,000 internal roles and close to 20,000 construction employments. Additionally, it will facilitate support for more than 50,000 secondary roles within the supplier and supporting sectors.

February 2024

The NSTC located in Albany, NY, was assured funding exceeding $5 billion. As a public-private collaboration, the NSTC’s objectives include conducting studies on cutting-edge semiconductor technologies by nurturing the development, prototyping, and testing of the most recent semiconductor innovations.

GlobalFoundries, situated in Malta, N.Y., and Essex Junction, VT. (GF), is set to obtain about $1.5 billion to aid in their expansion plans and the establishment of additional manufacturing capabilities for the automotive, IoT, aerospace, defense, and various other industries. GF’s chips are utilized in a broad array of products ranging from car safety features like blind spot detection and collision alerts, to smartphones and electric vehicles boasting enhanced battery life span, along with ensuring secure and dependable Wi-Fi as well as cellular connections.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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