America Needs a New Chip Act

The $52 billion Chip and Science Act of 2022 was signed by US President Joe Biden. The third and largest grant to date, worth $1.5 billion, went to New York-based chipmaker GlobalFoundries earlier this week.

America needs another Chip and Science Act to lead the world . (Photo: Agam Shah)

Intel is also among the companies vying for funding from the act. Although the Commerce Department has not yet announced how much of the $52 billion package Intel will receive, the U.S. chipmaker is expected to receive a significant portion, according to analysts and officials familiar with the matter.

In the latest move, US Secretary of Commerce Gina Raimondo said at the Intel Foundry Direct Connect event in San Jose, California: “Intel is a leading American company, playing a huge role in the revival of the US semiconductor industry,” and said that Intel should be prepared to soon announce additional funding under the Chip and Science Act.

“I was out of breath running as fast as I could to implement the first Chip and Science Act,” she added.

In addition, according to US Secretary of Commerce Gina Raimondo, the initial $52 billion Chip and Science Act alone is not enough for the US to regain its leadership position in the semiconductor supply chain, she made this comment in an interview with Intel CEO Pat Gelsinger at the company's event.

“I think there will have to be a second Chip and Science Act, or some kind of continued investment, if the United States wants to lead the world in semiconductors and meet the demand for AI technology,” she said.

Gina Raimondo also pointed out the computational demands of artificial intelligence, adding that she had spoken with OpenAI CEO Sam Altman (who is working to secure US government approval for a major venture to boost global AI chip production).

HUYNH DUNG (Source: Asia.nikkei/Finance.yahoo)

Source: https://vtc.vn/my-can-mot-dao-luat-chip-moi-ar854613.html