The law also prohibits funding recipients from expanding semiconductor manufacturing in China or other countries deemed a national security risk by the United States government.
A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall.
The potential for federal funding has spurred some potential huge investments in the semiconductor sector.
"The back-end semiconductor manufacturing sector that Integra participates in, operates on very thin margins that just don't make it possible without the CHIPS Act support to do this," Integra CEO Brett Robinson said.
Intel, Taiwan Semiconductor Manufacturing Co. and silicon carbide producer Wolfspeed have all hired workers and started construction despite not receiving any federal CHIPS Act funding.
Persons:
Raimondo, Gina Raimondo, Joe Biden, Brett Robinson, Robinson, Tom Sonderman, I've, Brian Harrison, It's
Organizations:
Department of Commerce, United, UAW, Integra Technologies, Integra, SkyWater Technology, of Commerce, Intel, Taiwan Semiconductor Manufacturing Co, Commerce Department
Locations:
America, China, United States, U.S, Taylor , Michigan, Wichita , Kansas, West Lafayette , Indiana, Arizona