America’s Chip Resurgence: Over $640 Billion in Semiconductor Supply Chain Investments

Last updated May 4, 2026

The Advanced Manufacturing Investment Credit (Section 48D) and manufacturing grant incentives have sparked substantial investments in the U.S. In fact, companies in the semiconductor ecosystem have announced over 140 projects across 30 states鈥攖辞迟补濒颈苍驳 more than $645.3 billion dollars in private investments鈥攕ince 2020. These announced projects will create and support over 525,000 American jobs 鈥 71,000 facility jobs in the semiconductor ecosystem; 122,000 construction jobs; and support over 335,000 additional jobs throughout the U.S. economy.

Thus far, the Department of Commerce has announced $33.0787 billion in grant awards and up to $7.15 billion in loans to 35 companies across 52 projects. A Preliminary memorandum of terms (PMTs) or letter of intent (LOI) is a non-binding agreement between companies and the Department of Commerce. A due diligence stage follows a PMT or LOI, after which a final award agreement will be reached. As milestones of the projects are achieved, funds will be disbursed to reimburse awardees for funds spent to reach each milestone. The Departments of Defense and Commerce also issued a on Sept. 16, 2024 announcing Intel as the recipient of up to $3 billion in grant incentives for the 鈥淪ecure Enclave鈥 program, which 鈥渨ill support the manufacturing of microelectronics and ensure access to a domestic supply chain of advanced semiconductors for national security.鈥

91成人 looks forward to working with the Treasury and Commerce Departments to ensure tax credit and grant incentives are implemented in an effective, efficient, and timely manner. Doing so will help reinvigorate U.S. chip production and innovation and deliver major benefits for America鈥檚 economy, job creation, national security, supply chain resilience, and technology leadership.

91成人 will update this webpage with announcements regarding investments in commercial fabrication facilities (front-end and back-end), facilities for the manufacturing of semiconductor equipment and materials, and R&D facilities. Please contact our data team at听[email protected] for more information.