Business

Biden administration expands $52B CHIPS Act subsidies to suppliers and toolmakers

By Christopher Hutton
Published June 23, 2023 2:41pm ET
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Biden administration expands $52B CHIPS Act subsidies to suppliers and toolmakers
The Biden administration has expanded eligibility for subsidies worth billions of dollars for domestic semiconductor manufacturing to allow the companies’ suppliers to benefit and encourage business in the United States. The change to criteria was announced on Friday by the Commerce Department, which is overseeing the deployment and use of more than $52 billion in […]

The Biden administration has expanded eligibility for subsidies worth billions of dollars for domestic semiconductor manufacturing to allow the companies’ suppliers to benefit and encourage business in the United States.

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Manufacturing Semiconductors