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PC Gamer
PC Gamer
Chris Szewczyk

Billions from the CHIPS Act is soon to begin flowing with Samsung, Intel and TSMC set to benefit

Samsung Intel Corporation TSMC United States
Aeiral view of Intel's Chandler, Arizona manufacturing facility.

The CHIPS Act was signed into law in August 2022. Its aim is to boost US based semiconductor manufacturing, and not just for commercial reasons, but for broader strategic reasons including the desire to reduce reliance on manufacturing in Asia. Some of the money allocated to woo chipmakers onto US soil is soon to flow, with Samsung, Intel and TSMC set to receive billions in grants and subsidies.

Bloomberg reports that Samsung is poised to receive $6 billion in federal funding, TSMC is set to secure over $5 billion while Intel could receive as much as $10 billion. All three companies have US based fabs planned or under construction.

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