A total of $52 billion in tax credits and cash, including $39 billion expressly designated for semiconductor manufacturing incentives, were made available when President Joseph Biden signed the CHIPS and Science Act into law in 2022. We’re starting to see how that endeavour will pan out: The Biden Administration has formally published the inaugural CHIPS for America financing opportunity, outlining the application process for “projects to build, extend, or upgrade commercial facilities for the manufacturing of cutting-edge, current-generation, and mature-node semiconductors.”
