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Market
Number of CHIPS Act projects funded in 2024
4
Resolution / Starting Odds
1-3 projects • 33%
4-7 projects • 33%
8-10 projects • 33%
Official announcements from the US Department of Commerce or CHIPS Act Program website
Story
US Launches CHIPS Act Program to Boost Semiconductor Workforce with $500,000 to $2M Funding
Jul 1, 2024, 07:24 PM
The United States has initiated a program under the CHIPS Act to cultivate its computer-chip workforce, aiming to prevent a labor shortage that could undermine domestic semiconductor production. This program will provide funding ranging from $500,000 to $2 million to as many as ten projects, with no set funding ceiling. The initiative aims to address a potential labor shortage that could reach 90,000 workers by 2030. Additionally, the CHIPS Act includes provisions to draw more women into the semiconductor and construction industries by requiring companies to provide child care.
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Up to $500 million • 25%
$501 million to $1 billion • 25%
$1.01 billion to $1.5 billion • 25%
Over $1.5 billion • 25%
TSMC • 25%
GlobalFoundries • 25%
Intel • 25%
Other • 25%
1-5 • 25%
6-10 • 25%
11-15 • 25%
16 or more • 25%
California • 25%
Texas • 25%
Ohio • 25%
Other • 25%
Micron Technology Inc. • 25%
Intel Corporation • 25%
Samsung Electronics • 25%
Other • 25%