S&P Global Mobility warns automotive chip supply could be low by the end of the year. Key companies in the automotive and semiconductor industries have expressed concerns about a potential semiconductor shortage in the second half of 2025 or 2026, but automotive chip supplies will be low by the end of 2024. According to S&P […]
Texas Instruments to Receive Up to $1.6 Billion in Funding for Semiconductor Manufacturing in Texas and Utah
Texas Instruments (TI) (NASDAQ: TXN) and the U.S. Department of Commerce have signed a non-binding Preliminary Memorandum of Terms for up to $1.6 billion in proposed direct funding under the CHIPS and Science Act to support three semiconductor wafer fabrication facilities already under construction in Texas and Utah. In addition, TI expects to receive an […]
CHIPS Act Signed Into Law
On August 2, President Biden signed the CHIPS and Science Act (CHIPS Act) into law, allocating $280 billion in funding and tax incentives to boost domestic production and innovation in the semiconductor industry and broader science and technology-related industries. The bill, which passed the Senate by a vote of 64-33, aims to make the United […]
Auto Industry CEOs Call on Congress to Pass Semiconductor Funding ‘Critical’ to U.S. Competitiveness
More than 20 CEOs spanning automotive manufacturers, suppliers and innovators sent a letter to members of Congress negotiating final competition legislation, urging quick passage of a bipartisan bill, the CHIPS for America Act, which includes funds to increase domestic capacity and resilience of semiconductor supply chains ‘critical’ to the future of the auto industry in […]
Bosch Investing in Expanded Semiconductor Production
In an additional move to combat the ongoing global chip shortage, Bosch plans to further extend its wafer fabrication in Reutlingen, Germany. More than a €250 million ($278.2 million) is to be invested in creating new production space and the necessary clean-room facilities between now and 2025. This will give Bosch the ability to meet […]
Commerce Department Reports Automotive Semiconductor Supply Chain Remains Fragile
Acute concern for legacy automotive chips. While positive news on private investment, department says report supports proposed $52 billion government support for domestic production. The U.S. Department of Commerce yesterday released the results from the Risks in the Semiconductor Supply Chain Request for Information (RFI) issued in Sept. 2021. The RFI showed that median inventory […]