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This is the best summary I could come up with:
Since the passage of the CHIPS and Science Act last August, eight companies have already received more than half of the planned government direct funding.
These companies have collectively received $29.34 billion in funding through the CHIPS Act for semiconductor factories across the country.
As of writing, Intel, Micron, Global Foundries, Polar Semiconductor, Taiwan Semiconductor Manufacturing Company (TSMC), Samsung, BAE Systems, and Microchip Technology have been the direct beneficiaries of the law.
Intel received the biggest direct investment through the CHIPS Act, with $8.5 billion for its semiconductor projects.
She said the department is prioritizing projects that will be operational by 2030 and some “very strong” proposals from companies may never get funding through the act.
The Biden administration announced in February that it will also start funding research into substrate packaging technologies, which would help create more leading-edge semiconductors.
The original article contains 437 words, the summary contains 140 words. Saved 68%. I’m a bot and I’m open source!
Shareholder dividends
More like stock buybacks
I work in semiconductors, and I don’t think the numbers are necessarily unfair. There are a lot of small companies and academic research labs receiving funding from the CHIPS act, and their work gets done faster when there are fabs in the country to tape out their designs.
Can’t say I know a ton about the industry but it’s wild how many fabless companies are so influential. So much of business is vertical integration, yet many of the biggest names in chips are fabless
Chip fabs simply do not work at a small scale, if you want to sell them at anything resembling a reasonable cost. Modern chip lithography takes a truly titanic amount of capital to set up, and it takes years. And by then the industry has moved on.
Yeah, I don’t know what people expected.
Building production capability is obscenely expensive and can inherently really only be done by a handful of companies at a time if they want any hope of getting their investment back. They need a crazy amount of volume to pay for that facility. You can’t invest tax dollars in 100 facilities. It doesn’t work.
