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CHIPS Act

$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act's rollout

by Kimberly Adams
Apr 9, 2024
The CHIPS and Science Act was a 2022 law designed to restart the semiconductor industry in the U.S.
Recently announced funding for the TSMC, coupled with money the company is pledging to spend on expanding facilities in Arizona, represents a $65 billion investment altogether.
Annabelle Chih/Getty Images
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With CHIPS Act money, the Biden administration bets an old plant can make new chips

by Henry Epp
Mar 26, 2024
A Vermont facility built in the 1950s is getting a shot at making semiconductors for smartphones and electric vehicles.
A 1950s-era facility built by IBM and now owned by GlobalFoundries is set to receive upgrades, funded partly by $125 million from the CHIPS Act.
Henry Epp/Marketplace
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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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Biden uses State of the Union speech to tout his economic track record

by Nancy Marshall-Genzer
Mar 8, 2024
He cited job growth and cheaper drugs for seniors, among other things.
During the State of the Union address on Thursday, President Joe Biden touted the strong labor market the U.S. has seen under his presidency.
Shawn Thew - Pool/Getty Images
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Breaking Ground

FDR's New Deal transformed the economy. Could Biden do the same?

by Kai Ryssdal , Andie Corban and Maria Hollenhorst
Jan 24, 2024
We look back at a moment in U.S. history when the federal government remade its relationship with the economy.
President Joe Biden sits in the Oval Office in November. Above the fireplace is a portrait of Franklin D. Roosevelt.
Andrew Caballero-Reynolds/AFP via Getty Images
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What was (and wasn't) accomplished in D.C. this past year

by David Brancaccio , Kimberly Adams and Meredith Garretson
Dec 29, 2023
While the passage of legislation in Congress has largely been stalled by political drama, impacts from the CHIPS Act and infrastructure law are starting to be felt.
Mandel Ngan/AFP via Getty Images
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When parents have child care problems, companies have labor force problems

by Stephanie Hughes
Dec 11, 2023
Tyson Foods is piloting an on-site child care center near its plant in Humboldt, Tennessee, to try to attract and retain workers.
At the Tyson Learning Center in Humboldt, Tennessee, parents pay an average of $1.66 per hour.
Nadezhda1906/Getty Images
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Some U.S. manufacturers find reasons to be cheerful about their prospects

by Justin Ho
Aug 24, 2023
Manufacturing has been weak for a while. But companies are optimistic about government investment and a future uptick in demand.
The Biden administration is investing in domestic industries it sees as strategically important, like clean energy. Above, wind turbine blades in a storage lot.
Patrick T. Fallon/AFP via Getty Images
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Biden administration makes a long-term bet with its CHIPS plan

by David Brancaccio , Alex Schroeder and Erika Soderstrom
Mar 3, 2023
But will it work out as the President hopes?
The Biden administration has big goals when it comes to implementing the CHIPS Act. But the plan isn't without its hurdles.
Josep Lago/AFP via Getty Images
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The U.S. is trying to remake the chip supply chain, despite the glut

by Lily Jamali
Jan 30, 2023
American policymakers are aiming to promote U.S. chip manufacturing while protecting national security, experts say.
A recent surplus of semiconductor chips has caused prices to tank.
Annabelle Chih/Getty Images
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