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VanEck Semiconductor ETF Newsroom
Did the Biden administration reportedly finalize the $8 billion chip bill funding with intel before Trump took office?
After Trump questioned the subsidy method for the chip bill, the media reported that the goal of the Department of Commerce is to complete funding agreements as much as possible before Trump took office; considering intel's delay in investments related to the Ohio wafer factory, as well as its own technical roadmap and customer demands, the Biden administration plans to reduce the initially announced $8.5 billion appropriation by $0.5 billion.
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Aiming at nvidia! Report: amazon is deploying 100,000 second-generation self-developed chips to challenge the industry monopoly.
Currently, amazon's Trainium2 chip has started to be deployed in datacenters and is expected to be fully rolled out in multiple core datacenters including Ohio soon. Compared to the previous generation product, its performance has increased fourfold, memory capacity has tripled, and it has significant advantages in energy efficiency and cost.
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Is it less than 8 billion US dollars? The Biden administration is reportedly considering reducing financial subsidies to intel.
1. The US government plans to reduce intel's federal chip subsidy from less than $8.5 billion to less than $8 billion; 2. Part of the reason is that intel has received a $3 billion military chip manufacturing contract, and intel's poor technical roadmap and customer demand are also reasons for the adjustment; 3. Intel's current plight is also a blow to the Biden administration's accelerated domestic chip manufacturing plan.