SEMICONDUCTOR INDUSTRY

TI To Acquire National Semiconductor

The Dallas-based Texas Instruments Inc. on April 4, 2011 announced that it would acquire National Semiconductor Corp. for $6.5 billion. The all-cash deal will pay a hefty premium of $25-a-share to National Semi compared to its closing price on April 4 ($14.07). The acquisition announcement marks TI's aggressive effort to expand in the analog business that had generated worldwide revenue of $42 billion in 2010, with TI getting about $6 billion, or 14%, and National Semi grabbing $1.6 billion, or 3%, of the market. Source: The Dallas Morning News (April 2, 2011)

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Far-Left, Far-Right Unite to Oppose CHIPS Act

The Dallas Morning News in its July 25, 2022, print edition published how far-Left Senator Bernie Sanders had found common cause with far-Right Republican Senators such as Mike Lee in opposing the Creating Helpful Initiatives to Produce Semiconductors, or CHIPS, Act. The measure will add $79 billion over a decade to the deficit as there will be tax abatement and financial incentives to produce semiconductors in the USA. 

Senate Approves CHIPS and Science Act

U.S. Senate on July 27, 2022 passed Creating Helpful Initiatives to Produce Semiconductors, or CHIPS, and Science Act by 66-33 vote. The $280 billion CHIPS and Science Act envisions, among others:

* $52 billion in subsidies to domestic semiconductor companies

* A five-year, $100 billion  investment in technology funding, including (1) authorization to expand National Science Foundation's domain of work, (2) reauthorization of NASA and (3) creating technology hubs in regions which are tech "investment desert"

House Passes CHIPS and Science Act

The U.S. House of Representatives on July 28, 2022 voted 243-187 to approve the $280 billion measure that would boost domestic chips production by giving $52.7 billion in subsidies to wafer and semiconductor manufacturers. Out of $52.7 billion, $39 billion is allocated for grant to competing manufacturers, $13.2 billion for research and workforce development, and $500 million for bolstering global supply chains. 

Biden Signs $280 billion CHIPS Act

On August 9, 2022, President Joe Biden signed $280 billion CHIPS and Science Act.

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