In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure
OpenAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure …
Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity
and every American should be [video] Kelsey Piper / @kelseytuoc : @recurseparadox Congress can repeal the CHIPS act if they want to. (I think they shouldn't, but they could). But ‘Congress authorized ...
Sources: US Commerce Secretary Howard Lutnick signals withholding promised CHIPS Act grants as he pushes companies to substantially expand their US projects
Commerce Secretary Howard Lutnick has signaled he could withhold promised Chips Act grants as he pushes companies in line …
The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York
- Pact doesn't include $1.6 billion loan from proposed agreement — Biden administration has been firming up Chips Act awards
Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories
- US officials look to announce agreements in coming weeks — Biden team is racing to get Chips Act money out the door
The Biden administration approves $1.6B in Chips Act grants and $3B in loans for Texas Instruments, to help pay for one chip factory in Utah and two in Texas
- Funding will support $18 billion in spending in Texas, Utah — Biden administration almost finished allocating chips grants
Intel delays the construction of its $20B Ohio chip fabs amid a slow rollout of US government grant money; sources: the fabs are now set to finish in late 2026
‘Silicon Heartland’ factories were originally planned for 2025 Mariane Angela / The Daily Caller : Intel Delays $20 Billion US Investment Biden Touted As Key Win Benzinga : Intel Reportedly Delays $20...
The US issues final rules to stop Chips Act subsidies from going to countries of concern, like China, such as limiting foreign chip fab expansions for 10 years
David Shepardson / Reuters :
The US issues final rules to stop Chips Act subsidies from going to countries of concern, like China, such as limiting foreign chip fab expansions for 10 years
The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used …
The Biden administration broadens eligibility for federal Chips Act subsidies to include companies providing tools, chemicals, and other semiconductor supplies
Yuka Hayashi / Wall Street Journal :