Today news
About the same in other media
Semiconductor Firms Asked to Submit Financial Projections to Get Chips Act Funds
Reading now: 206
WASHINGTON—Semiconductor companies seeking U.S. grants under the Chips Act will be asked to provide detailed projections for revenue and profit from their new chip-making plants to help evaluate their applications, the Commerce Department said Monday.
The Chips Act provides $53 billion to help restore U.S. manufacturing might in semiconductors. Companies building leading-edge chip factories in the U.S. can begin applying for the funds Friday. The application process for companies looking to build current generation and mature technology facilities opens June 26.
Read more on wsj.comAbout this in other media
Arizona Fight Over Half-Cent Sales Tax Threatens Semiconductor Expansion wsj.com /1 year ago
Arizona Fight Over Half-Cent Sales Tax Threatens Semiconductor Expansion wsj.com /1 year ago
Liz Truss pension episode flags risk of further financial crises, says IMF theguardian.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![I asked ChatGPT Ethereum’s [ETH] higher purpose, it said…](https://finance-news.co/storage/thumbs_400/img/2023/4/2/62603_0u85.jpg)