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Wednesday, August 17, 2022

CHIPS Act no panacea for US chip woes

The CHIPS Act of 2022 is a US$52.7 billion subsidy to semiconductor companies in the United States. 

The funding, mostly aimed at the construction of new chip fabrication facilities, or fabs in the trade, can be awarded in up to $3 billion chunks of cash to any US-based company making “advanced” semiconductors.  

The only US-based companies excluded are those owned by China, although the Act does not actually explicitly name China. However, if China invests through proxies or cutouts, Chinese companies could still get US money.

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