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News on Medial
Micron to get $6 billion from US govt for domestic chip factories
Livemint
·
1y ago
Medial
Micron Technology is expected to receive over $6 billion in grants from the US Commerce Department to support its domestic factory projects. The grants are part of an initiative to bring semiconductor production back to the US. Micron, the largest US maker of computer memory chips, is building factories in New York and Idaho. The award, which is yet to be finalized, could be announced as early as next week. In addition to the grants, it is uncertain whether Micron will also seek loans available through the 2022 Chips and Science Act.
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US considering more than $10 billion in subsidies for Intel
Livemint
·
1y ago
Medial
The US government is reportedly in talks to provide more than $10 billion in subsidies to Intel Corp. The subsidies are expected to be in the form of loans and direct grants. The funding comes from the CHIPS Act program, aimed at boosting semiconductor manufacturing and supply chain investments. Intel plans to use the funds to build chip factories in Arizona, New Mexico, and Ohio. Other companies such as Micron, Samsung Electronics, and Taiwan Semiconductor Manufacturing Co have also applied for US funding for their chip factories.
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US considering more than $10 billion in subsidies for Intel
Economic Times
·
1y ago
Medial
The Biden administration is reportedly in talks to provide over $10 billion in subsidies to Intel Corporation. The award package is expected to include loans and direct grants. This move is a part of the U.S. government's efforts to boost semiconductor manufacturing by supporting chip production and supply chain investments. The funding would help Intel build chip factories in Arizona, New Mexico, and Ohio, potentially making the Ohio facility the world's largest chip plant. Other companies like Micron, Samsung Electronics, and Taiwan Semiconductor Manufacturing Co. have also applied for U.S. funding for their chip factory construction projects.
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Intel clinches nearly $20 billion in awards from Biden to boost US chip output
Economic Times
·
1y ago
Medial
The Biden administration is set to award Intel nearly $20 billion in grants and loans to boost domestic semiconductor chip production. The funds will be used to build two new factories and modernize an existing one in Arizona. The move aims to reduce reliance on China and Taiwan in semiconductor manufacturing as the US share has fallen to 12%. This marks the largest investment in US semiconductor manufacturing and is part of the government's goal to increase the country's share to 20% by 2030. The announcement comes as Biden hopes to secure support in a critical political swing state and is part of a $52.7 billion funding plan to boost domestic semiconductor output.
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US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona
TechCrunch
·
1y ago
Medial
The U.S. Commerce Department has agreed to provide Taiwan Semiconductor Manufacturing (TSMC) with $6.6 billion in funding to establish semiconductor factories in Arizona. The funds come as part of the CHIPS Act, which aims to enhance domestic chip research and production in the U.S. amidst geopolitical tensions with China. TSMC's investment of over $65 billion will create thousands of high-tech jobs and boost chip manufacturing in the U.S. Intel and Samsung are also set to receive significant funding under the same initiative for their semiconductor facilities.
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US firms up $6.2 billion Micron funding to boost chipmaking
Economic Times
·
7m ago
Medial
The Biden administration has finalized an investment of nearly $6.2 billion in Micron Technology to boost domestic semiconductor production. The move is part of ongoing efforts to reduce dependency on foreign countries, particularly China, for semiconductors. The funding aims to bring advanced memory semiconductor technology development and production to the US, securing leadership in artificial intelligence and protecting national security. This investment is part of the CHIPS and Science Act, which intends to strengthen the US semiconductor industry. Micron plans to invest significantly in New York, Idaho, and Virginia, creating jobs and supporting a stable supply of its technology.
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Sam Altman wants to raise up to $7 trillion.
Business Insider
·
1y ago
Medial
OpenAI CEO Sam Altman plans to raise $5-7 trillion to build new chip factories for the company's computing power needs. Altman has met with officials from the United Arab Emirates to pitch his ambitious plan, which aims to ensure OpenAI has sufficient silicon chip manufacturing capacity. This funding requirement is considered extremely high for a relatively new company, with only a few initiatives globally costing trillions of dollars. Altman's plan aligns with the increasing demand for silicon chip factories worldwide, as highlighted by recent subsidies provided by the US government.
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Micron forecasts revenue above estimates on AI-driven memory chip demand - The Economic Times
Economic Times
·
1m ago
Medial
Micron Technology predicts higher fourth-quarter revenue due to robust demand for high-bandwidth memory (HBM) chips, crucial for AI data centers. The company saw a 50% increase in third-quarter HBM chip sales and continues to invest in these products. The demand rise is fueled by cloud companies like Google's investment in AI infrastructure. Micron anticipates its HBM chip market share will align with its broader DRAM share by late 2025, expecting $10.7 billion in fourth-quarter revenue.
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Micron, Dell, HP win appeal over conflict claims tied to US patent official
Economic Times
·
11m ago
Medial
A US appeals court has supported decisions made by the US Patent and Trademark Office (USPTO) regarding Micron, Dell, and HP, despite the fact that the attorney who represented the tech companies later became the director of the office. The court stated that Unification Technologies, the patent owner, failed to show that the attorney's previous involvement in the case influenced the administrative judges who invalidated its patents. Unification sued Micron, Dell, and HP for patent infringement relating to memory chip data management in 2020. The cases involving HP and Dell have been dismissed, while the Micron case is ongoing.
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India set to be a big semicon player in 10 years: union minister Amit Shah
Economic Times
·
10m ago
Medial
India's home minister, Amit Shah, predicts that India will emerge as a significant player in the semiconductor market within the next decade. He highlighted the upcoming semiconductor chip manufacturing plant in Sanand, Gujarat, being built by US chip maker Micron. The plant is part of India's Semiconductor Mission, aiming to develop a domestic chip industry. The government has also approved the establishment of a unit by Kaynes Semiconductor. Shah also mentioned India's Digital India initiatives and the steps taken to support startups and innovation, including the abolition of the angel tax. Additionally, he highlighted the country's efforts in the space sector and plans to train cyber commandos.
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Samsung to get $6-7 billion in chip subsidy next week for Texas expansion
Economic Times
·
1y ago
Medial
The Biden administration is set to award a subsidy of $6-7 billion to Samsung to expand chip output in Texas. The funds will go towards constructing four facilities in Taylor, including a $17 billion chipmaking plant. This investment will double Samsung's U.S. investment to over $44 billion. The aim is to boost domestic chip production and reduce reliance on China and Taiwan. The subsidy follows similar grants awarded to TSMC and Intel for chip production expansion in Arizona. The announcement is expected to be made by Commerce Department Secretary Gina Raimondo.
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