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The agreement runs through 2033 and includes an upcoming plant in Taylor, Texas, to produce Tesla's next-generation AI6 chip.

Sweeping tax legislation passed by the Senate on July 1 would make it cheaper for semiconductor manufacturers to build plants in the U.S., delivering a win to chipmakers.

Chipmaker Micron Technology said it will spend about $200 billion on U.S. manufacturing, research and development.

President Donald Trump’s tariff campaign is likely to worsen inflation and raise the bar for Japanese companies to invest in the U.S., says the chair of the Japan External Trade Organization.

Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, President Donald Trump said, on top of $65 billion in investments the company has already promised.

Taiwan President Lai Ching-te said Feb. 14 he would communicate more with the U.S. over President Donald Trump’s concerns over the chip industry and invest more in the U.S.

“I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS Act awards in a confirmation hearing Jan. 29.

WASHINGTON — The 2022 CHIPS and Science Act will “sharply increase production’’ of semiconductors in the United States. But it will do so at a high cost, concludes a report.

President-elect Donald Trump is likely to maintain new U.S. limits on global sales of AI chips by Nvidia Corp. and others, a top Biden administration official said.

Texas Instruments announced a tranche of federal CHIPS and Science Act funding worth up to $1.6 billion, a show of support for a booming semiconductor manufacturing industry in North Texas.