Neowin

President Joe Biden has signed the U.S. CHIPS and Science Act that provides subsidies worth $52.7 billion for the country's chip manufacturing industry and helping it compete against China.

Intel has delayed outsourcing its 3nm chip production capacity to TSMC to the second half of 2023. The production was previously moved from the second half of 2022 to the first half of 2023.

Gartner has revealed that semiconductor revenues won't be as good in 2022 as anticipated during the last quarter. Early figures for 2023 also reveal the sector will see contraction.

Intel announced its partnership with Taiwanese chipmaker, MediaTek. It will, thus, produce chipsets using Intel Foundry Services for MediaTek's smart edge devices and provide production capacity.

The United States and European Union will try to avoid a subsidy race as they look to boost chip output. The parties want to avoid manufacturing pooling in a handful of areas, weakening supply chains.

Chinese semiconductor industry has slowed down by 4.2% following Covid-19 lockdown in Shanghai. The output has shrunk for the first time after Q1 2019 due to low demand and strict preventive measures.