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The U.S. government has allocated over $36 billion in funding under the CHIPS Act, primarily benefiting major companies like Intel, Micron, and Samsung. Recently, Akash Systems, a venture-backed startup, secured more than $65 million in financing through this initiative. This investment is seen as a crucial step in ensuring the U.S. maintains its leadership in the semiconductor supply chain. Secretary of Commerce Gina Raimondo emphasized the importance of such investments for the success of the CHIPS for America program, which aims to strengthen critical supply chains and support industries like artificial intelligence and space. The CHIPS and Science Act, passed by Congress in 2022, was designed to enhance domestic semiconductor production and attract investments from companies like TSMC.
When we passed the CHIPS & Science Act, this was exactly the type of investment we envisioned. Increase domestic chip production ✅ Bring leading-edge chip tech to the U.S. ✅ Create a reliable & secure supply of chips for national security ✅🇺🇲 https://t.co/hGKxNew0y0
We need more leading edge chip production in the U.S. TSMC building and investing here is good for the industry. A lot of speculation that the Trump administration is going to try to eliminate the chips act. I don’t see that happening. What I do see is more focus on bringing… https://t.co/0PwAmb4oBR
Congress in 2022 approved the Chips and Science Act to boost domestic semiconductor output, which Raimondo called essential to getting TSMC and other chips investment. #TSMC #US #DonaldTrump https://t.co/0UPCHhGpQQ