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World News@lemmy.worldEnglish · 10 months ago

Biden's $100B CHIPS Act doles out just $35M -- as Taiwan's TSMC, South Korea's Samsung hit pause in US until 2025

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Biden's $100B CHIPS Act doles out just $35M -- as Taiwan's TSMC, South Korea's Samsung hit pause in US until 2025

Hooverx@lemm.ee to

World News@lemmy.worldEnglish · 10 months ago

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Biden’s $100B CHIPS Act doles out just $35M — as top semiconductor firms hit pause in US until 2025

Samsung was initially scheduled to begin massively scaling production and manufacturing at its plant in Taylor, Texas, in the second half of 2024.

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10 months ago

However, the only investment the government has made so far has been a $35 million grant to BAE Systems to increase production at a New Hampshire factory making chips for military aircraft, including F-15 and F-35 jets, according to Bloomberg.

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