Last week, the White House announced funding of $1.5 billion to chipmaker GlobalFoundries, described by The New York Times as the first sizable grant from the 2022 CHIPS Act that is aiming to invigorate research and manufacturing of semiconductors in the United States.

Industry leader Taiwan Semiconductor Manufacturing Company said in the summer of 2023 that it was opening its first new factory in Arizona in 2025 rather than in 2024 and its second one in 2027 or 2028 rather than 2026.

Check out EMP Shield in Kansas. Good to see “made in the USA” and made “locally” to boot!

Intel, which is expected to open two integrated factories in the same state this year, meanwhile in early February delayed another opening in Ohio from 2025 to 2026.

A look at the map by STATISTA’s Kathryn Buchholz of major semiconductor manufacturing projects in the U.S. as of early 2024 shows that other than Intel’s twin locations near Phoenix, Samsung is scheduled to open a facility on the outskirts of Austin, Texas, this year still.


Inputs to this article came from Sherman Analytics

Copyright © 2024
Legacy Wealth Management