➀ The Biden-Harris Administration announced the signing of PMTs with Coherent, SkyWater, and X-Fab; ➁ The PMTs are part of the CHIPS and Science Act; ➂ Up to $33 million in proposed funding for Coherent, up to $16 million for SkyWater.

➀ SkyWater Technology has signed a PMT with the CHIPS for America program; ➁ The PMT is valued at up to $16 million; ➂ The proposed funding aims to enhance domestic semiconductor production and capabilities.

The inaugural meeting of the International Network of AI Safety Institutes will be co-convened by the U.S. Commerce Department and U.S. State Department on November 20-21, 2024, in San Francisco. The convening aims to align on priority work areas for the Network and advance global collaboration on AI safety. The initial members include Australia, Canada, the European Union, France, Japan, Kenya, the Republic of Korea, Singapore, the United Kingdom, and the United States.

➀ The U.S. Department of Commerce is providing up to $1.6 billion to Texas Instruments through the CHIPS and Science Act for the construction of three 300mm semiconductor wafer fabs in Texas and Utah.; ➁ TI anticipates receiving between $6 billion to $8 billion from the U.S. Department of Treasury's Investment Tax Credit for qualified U.S. manufacturing.

1. The U.S. Department of Commerce is allocating $1.6 billion for semiconductor advanced packaging R&D to boost domestic capacity. 2. The funding will focus on five key areas: equipment, power delivery, connector technology, chiplets ecosystem, and co-design/EDA. 3. Approximately $150 million awards will be given in each area, encouraging private sector investments.