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Chipmaker

CHIPS Act to give Intel $8.5 billion in direct funding, plus loans

by Kimberly Adams
Mar 20, 2024
Biden's legislation aims to boost U.S. semiconductor manufacturing, reducing reliance on foreign chipmakers.
President Biden speaks Wednesday at an Intel facility in Chandler, Arizona. The funding will enable Intel to build new plants in four states and expand operations in others.
Rebecca Noble/Getty Images
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The US is known for designing chips, not making them. Can the CHIPS Act funding change that?

by Stephanie Hughes
Feb 21, 2024
This week, the Biden administration said it’s awarding $1.5 billion to chipmaker GlobalFoundries to expand its manufacturing here, in the largest grant under the CHIPS Act so far.
President Joe Biden arrives to deliver remarks at Wolfspeed, a semiconductor manufacturer, in Durham, North Carolina, on March 28, 2023.
Jim Watson/AFP via Getty Images
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When one company dominates a market, there can be downsides

by Meghan McCarty Carino
Aug 24, 2023
Chipmaker Nvidia is the breakout sensation of the AI boom. But supply chain snarls have taught us the risks of having few sources.
Nvidia designs about 80% of the specialized chips needed to train complex artificial intelligence models. It makes a single-source product that's fabricated by only one company.
Justin Sullivan/Getty Images
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Chipmaker Nvidia steps into the spotlight as a barometer of the AI economy

by Meghan McCarty Carino
Aug 21, 2023
It makes the chips at the heart of ChatGPT and other tools.
The valuation of Nvidia, whose products are crucial to artificial intelligence technology, has surpassed $1 trillion.
Justin Sullivan/Getty Images
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Top chipmaker anticipates bullish 5G rollout in 2020

by Scott Tong
Oct 18, 2019
What would an early arrival of next-generation wireless networks mean for regular consumers?
David Ramos/Getty Images
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Why IBM is paying $1.5 billion to lose a business

by Stan Alcorn
Oct 20, 2014
By paying to split off its chipmaking arm, IBM may actually be getting a deal.
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