Chip race: Microsoft, Meta, Google, and Nvidia battle it out for AI chip supremacy
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With over 600 statements of interest received, Commerce Secretary Gina Raimondo acknowledged today that the amount requested is more than twice the $28 billion the government has budgeted to invest.
We have decided to prioritize projects that will be operational by 2030. There are worthy proposals with plans to come online after 2030 that we say no to in order to maximize our impact in this decade...We anticipate that our investments in leading-edge logic chip manufacturing will put us on track to produce roughly 20% of the world’s leading-edge logic chips by 2030, up from the zero percent we produce today.
The CHIPS Act originally had $52 billion in subsidies to boost US semiconductor manufacturing, but it’s not nearly enough to catch up by itself — industry leader Taiwan Semiconductor Manufacturing Company (TSMC) earmarked $44 billion in 2022 just to expand its existing capacity.
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