The CHIPS and Science Act was signed into law in August 2022, and calls for investment of $53 billion into semiconductor manufacturing and research around the United States. This will include grants, cooperative agreements, loans and major 25% tax credits for capital investments in semiconductor manufacturing. The U.S. government is granting Intel up to $8.5 billion to help fund new chip plants in four states, the largest award yet in an effort to revive American chip-making overseen by the Biden administration. This will go toward new factories and expansion projects in Arizona, New Mexico, Ohio and Oregon. Intel’s total investment in U.S. projects in the next five years is expected to exceed $100 billion, according to the department, which is overseeing the grants

Chinese semiconductor industry has 25 semiconductor investment projects in different regions implemented 2021-2022, and the Government has allocated over $291 Billion to semiconductor-related investment, Those projects covered various semiconductor-related investments, including panel displays, wafer foundry, storage devices, integrated device manufacturing (IDM), device/chips, platform/base, semiconductor equipment, semiconductor materials, packaging and testing.

Jeffrey Newman is a whistleblower lawyer whose firm represents whistleblowers in healthcare fraud under the False Claims Act (FCA) also whistleblower claims brought under the SEC whistleblower program for violations of securities regulations including insider trading cases and similar claims under the Commodities Futures Trading Commission whistleblower program. He also handles cases involving evasion of US sanctions against China, Iran and Russia and other sanctioned entities and he can be reached at Jeff@JeffNewmanLaw.com or at 617-823-3217