A New Microchip Construction Boom?

By Katharina Buchholz – Statista

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. At the same time, the newspaper also reported that despite the availability of this financial assistance, two major producers of semiconductors in the U.S. that have based expansion plans around the act have already pushed timelines back. As the global chip shortage of the late pandemic has normalized, companies are not in such a hurry anymore to expand, delaying some critical infrastructure pushes beyond 2024.