Chip-making push: U.S. expected to award all CHIPS Act grants this year

seekingalpha04-16

Commerce Secretary Gina Raimondo expects all the grant money under the CHIPS Act to be allocated by the end of this year, she told CNBC soon after Samsung (OTCPK:SSNLF) was awarded up to $6.4B in ...

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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4089893-us-government-chips-act-grant-money-gina-raimondo><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Commerce Secretary Gina Raimondo expects all the grant money under the CHIPS Act to be allocated by the end of this year, she told CNBC soon after Samsung (OTCPK:SSNLF) was awarded up to $6.4B in ...</p>\n\n<a href=\"https://seekingalpha.com/news/4089893-us-government-chips-act-grant-money-gina-raimondo\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2125154778.USD","symbol_name":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) 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We'll be doing more in the coming weeks.\"  The CHIPS and Science Act - aimed at bolstering domestic manufacturing, and reducing reliance on other countries - provides $52.7B for semiconductor research, development, manufacturing, and workforce development, which includes $39B in manufacturing incentives.  The awards so far have focused on advanced chips, with Intel (NASDAQ:INTC) securing up to $8.5B in grants, while Taiwan Semiconductor Manufacturing (NYSE:TSM) was awarded up to $6.6B. Before that, BAE Systems received a $35M grant under the CHIPS Act and Microchip was awarded $162M. That leaves around $16B in incentives to be doled out before the end of the year. Raimondo said the remaining grants will focus on memory chips and investments in suppliers, wafers, and chemicals.  More on chipmakers   AI Tiers And Taking Profits In Tech With Joe Albano, Tech Cache Taiwan Semiconductor: Intel's Foundry Disclosure Exemplifies TSM's Robust Moat Intel Vs. 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