{"id":1051046,"date":"2022-09-07T07:15:27","date_gmt":"2022-09-07T11:15:27","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1051046"},"modified":"2022-09-07T07:15:27","modified_gmt":"2022-09-07T11:15:27","slug":"the-morning-after-biden-outlines-where-the-chips-act-money-is-going","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1051046","title":{"rendered":"The Morning After: Biden outlines where the CHIPS act money is going"},"content":{"rendered":"

The US may have the edge in semiconductor design, but manufacture is still the crown jewel of places like Taiwan. To counter this, the Biden administration has outlined where it will allocate the $50 billion in investment the CHIPS act has allowed for<\/a>. Of that, $28 billion is to boost domestic production of cutting-edge logic and memory chips. The money will be distributed as grants, cooperative agreements, loan guarantees or loan subsidies. A further $10 billion is to improve speciality chipmaking for the automotive, medical device and defense industries. And $11 billion is for US research and development facilities, with the intention of creating new chip technologies that\u2019ll be made on American soil. It\u2019s a huge commitment, and one that recognizes the importance of staying at the forefront of the chip world or risk permanently falling behind.<\/p>\n

\u2013 Daniel Cooper<\/p>\n

The biggest stories you might have missed<\/h3>\n