The CHIPS Act money: A timeline of grants to chipmakers

March 2024

Intel was awarded $8.5 billion in funding, the most of any CHIPS Act allocations to date. Intel expects to use the money to to advance its commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon. The company also said the funds would create more than 10,000 company jobs and nearly 20,000 construction jobs, and would support more than 50,000 indirect jobs with suppliers and supporting industries.

February 2024

NSTC in Albany, NY got more than $5 billion in funding. The NSTC is a public-private partnership that will perform research on next-generation semiconductor technologies by supporting the design, prototyping, and piloting of the latest semiconductor technologies.

January 2024

Microchip Technology Inc. got $162 million to increase its production of microcontroller units and other specialty semiconductors, and to support the modernization and expansion of fabrication facilities in Colorado Springs, CO, and Gresham, OR.

December 2023

The first of the CHIPS Act allocations, about $35 million, went to BAE Systems Inc., a federal government contractor. BAE was expected to use the money to help modernize an aging Nashua, NH facility and help quadruple the company’s production capacity for chips used in F-35 fighter jets.

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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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