During a recent Senate hearing, US Commerce Secretary Howard Lutnick stated that chipmakers looking for CHIPS Act support would need to negotiate better terms, focusing on increased domestic manufacturing. Despite initial commitments of over $100 billion from major semiconductor companies, concerns have arisen about sufficient taxpayer return on investment. Lutnick emphasized that funding distribution is contingent upon substantially more manufacturing activity in the US, citing TSMC's increased investment in Arizona as a potential model. This approach may be yielding results, as shown by GlobalFoundries' recent commitment to invest an additional $3 billion in US semiconductor capabilities.
We are planning to distribute money only if we get much more building in America.
I think commitments of 4 percent or less are more appropriate than a 10 percent funding - it just seemed overly generous.
The only deals that are not getting done are deals that should have never been done in the first place.
After the additional commitment, TSMC agreed to invest an additional $100 billion to expand its Arizona campus including the construction of three new fabrication plants.
Collection
[
|
...
]