Texas Instruments to get $1.6 bln in latest CHIPS Act funding
Adds Texas Instruments, Micron, Samsung and TSMC
WASHINGTON, Aug 16 (Reuters) -Texas Instruments TXN.O on Friday became the latest semiconductor maker to obtain grants and loans from the U.S. government under President Joe Biden's efforts to supercharge domestic chip production.
Below is a list of the large awards made so far under the CHIPS and Science Act:
TEXAS INSTRUMENTS TXN.O
Texas Instruments will receive as much as $1.6 billion in direct funding to support the construction of three new domestic facilities.
MICRON MU.O
The memory chip maker is set to get $6.1 billion in grants to help pay for domestic chip factory projects, Democratic U.S. Senate Majority Leader Chuck Schumer has said.
SAMSUNG 005930.KS
The South Korean electronics giant will be provided up to $6.4 billion to expand its facilities in Texas under a preliminary memorandum of terms signed in April.
TSMC 2330.TW
The Taiwanese contract chip manufacturer's Arizona unit has signed a preliminary memorandum of terms for up to $6.6 billion in direct funding.
INTEL INTC.O
The Biden administration said it has inked a preliminary agreement with the U.S. chipmaker for $8.5 billion in grants and up to $11 billion in loans for plants and upgrades to manufacturing sites in Arizona, Ohio, Oregon and New Mexico.
GLOBALFOUNDRIES GFS.O
In February, the Biden administration awarded $1.5 billion to the world's third-largest contract chipmaker to build a semiconductor production facility in Malta, New York, and expand existing operations there and in Burlington, Vermont.
MICROCHIP TECHNOLOGY MCHP.O
The company will get $162 million in government grants, it was announced in January, allowing the company to triple production of mature-node semiconductor chips and microcontroller units at two U.S. factories.
BAE BAES.L
The U.S. Commerce Department in December said it planned to award $35 million to BAE Systems to quadruple production in New Hampshire for key semiconductor chips used in F-35 fighter jets and commercial satellites.
Reporting by Chris Sanders; Additional reporting by Yuvraj Malik; Editing by David Gregorio and Sriraj Kalluvila
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