Absolics, a joint venture between South Korean chemical material firm SKC and Applied Materials, signed a Preliminary Memorandum of Terms (PMT) with the US Department of Commerce (DoC) on May 23. It is the first semiconductor materials and component supplier to receive the CHIPS Act subsidy.
President Biden's administration initiates a $285 million federal fund to pioneer a digital twin technology institute for semiconductors. This step, in line with the Chips and Science Act, aims to bolster US chip technology, reducing reliance on global supply chains.
Micron granted US$6 1 billion in US subsidies digitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitimes.com Daily Mail and Mail on Sunday newspapers.
Grants support Micron’s plans to invest approximately $50 billion in gross capex through 2030 Memory fabs in Idaho and New York to strengthen U.S. economic and national security, expected to create.