The CHIPS for America office has announced preliminary agreements (or non-binding memoranda of terms) with eight companies. These agreements touch on semiconductor projects in 11 states and total nearly $30 billion in expected direct federal funding. The total CHIPS for America Fund includes $39 billion for an incentive program to develop domestic manufacturing capability and $11 billion for R&D and workforce development. Funded projects are intended to support several objectives that are part of the government’s Vision for Success

Here is a rundown of announced agreements. 

Intel Corporation – Chandler, AZ; Rio Rancho, NM; New Albany, OH and Hillsboro, OR

These projects support the objectives for establishing new US-based leading-edge logic fabs, supporting advanced packaging facilities, creating a new chipmaking ecosystem, and advancing American technological leadership. Direct funding under the CHIPS and Science Act will be approximately $8.5 billion and support $100 billion in investment. The preliminary terms include $50 million in dedicated workforce funding.

TSMC Arizona – Phoenix, AZ

This project supports the objectives for establishing new US-based, leading-edge fabs and formation of a leading-edge cluster. Direct funding under the CHIPS and Science Act will be approximately $6.6 billion and support $65 billion in investment. The preliminary terms include $50 million in dedicated workforce funding.

Samsung Electronics – Taylor and Austin, TX

This project supports the objectives for a US-based ecosystem for the development and production of leading-edge chips, establishment of new leading-edge logic fabs, and creation of an advanced packaging facility. Direct funding under the CHIPS and Science Act will be approximately $6.4 billion and support $40 billion in investment. The preliminary terms include $40 million in dedicated workforce funding. 

Micron – Clay, NY and Boise, ID

This project supports the objective for US-based fabs to produce high-volume leading-edge dynamic random-access memory (DRAM) chips on economically competitive terms. Direct funding under the CHIPS and Science Act will be approximately $6.14 billion and support up to $125 billion in investment. The preliminary terms include $40 million in dedicated workforce funding. 

Global Foundries – Malta, NY and Burlington, VT

This project supports the objectives to increase domestic production capacity for chips vital to US economic and national security. Direct funding under the CHIPS and Science Act will be approximately $1.5 billion and support $12 billion in investment. The preliminary terms include $10 million in dedicated workforce funding.

Microchip Technology – Colorado Springs, CO and Gresham, OR

This project supports the objectives to increase domestic production capacity of mature-node chips vital to US economic and national security. Direct funding under the CHIPS and Science Act will be approximately $162 million.

Polar Semiconductor – Bloomington, MN

This project supports the objective to increase domestic production capacity for chips vital to US economic and national security. Direct funding under the CHIPS and Science Act will be approximately $120 million and support $525 million in investment. 

BAE Systems – Nashua, NH 

This project supports the objective to increase domestic production capacity for mature-node chips vital to US national security. Direct funding under the CHIPS and Science Act will be approximately $35 million.

For more information please see our past articles below plus award and program information from the CHIPS for America office

What are the CHIPS Act Incentives?

How will CHIPS Act manufacturing incentive be deployed?

CHIPS for America Report Card

How states can help the CHIPS Act succeed