According to the Wall Street ** on February 19**, the U.S. Department of Commerce decided to allocate $1.5 billion to the U.S. local wafer foundry GLOBALFOUNDRIES Semiconductor to fund the construction of new factories in New York and Vermont and the renovation of existing factories.
Screenshot of Wall Street**" report.
According to Wall Street, this is the first major incentive program under the framework of the "CHIPS Act" in the United States, after only two small sums of money were provided to less advanced chipmakers. The CHIPS Act is seen as an important move for the United States to reshape its chip industry.
In addition to the $1.5 billion in funding, the U.S.** has provided a $1.6 billion loan to GLOBALFOUNDRIES. The total potential investment in GLOBALFOUNDRIES' planned investment projects in the U.S. is approximately US$12.5 billion, with some of the costs covered by grants and loans.
According to the report, the decision of the U.S. Department of Commerce indicates that the United States will inject a series of funds into numerous semiconductor manufacturing projects in Arizona, Texas, New York and Ohio in the coming weeks. Previously, companies including Intel, TSMC, Samsung Electronics and Micron Technology have submitted applications to the United States**, asking the United States** to bear part of the funds needed to build a modern factory in the United States.
Wall Street said the U.S. conducted a series of due diligence before announcing its funding plan for Globalfoundries. According to the plan, the funds funded by the United States** will be released in phases as GLOBALFOUNDRIES' construction and production projects reach the planned milestones.
"Domestic production of chips in the U.S. will provide more stability to the U.S. automotive and aerospace industries, which currently rely on importing chips from overseas," said U.S. Vice President Harris. ”
According to the report, for Biden**, the "CHIPS Act" is a landmark move, and Biden also emphasized the role that the "CHIPS Act" can play when seeking re-election.
Regarding the "chip bill" of the United States, a spokesman for China has responded that the United States bill claims to be aimed at enhancing the competitiveness of the U.S. technology and chip industry, but it provides huge subsidies to the U.S. local chip industry and implements differentiated industrial support policies, including some provisions that restrict the normal investment and economic and trade activities of relevant enterprises in China and normal scientific and technological cooperation between China and the United States, which will distort the global semiconductor chain and cause disruption to the international market, and China firmly opposes this. The so-called "protective measures" of the law have strong geopolitical overtones and are another example of the United States' large-scale economic coercion.
Chen Jia.