CHIPS Act Semiconductor Fab Funding, Status Update and Congressional Options Through FY2026

As of mid-2026, DOC has disbursed $30.7B in awards and $5.5B in loans across 40 fab projects, with 12 companies still awaiting final awards after signing preliminary agreements. Key policy pressure points include a FY2026 funding cliff, a December 31, 2026 deadline for the 35% investment tax credit, and Trump administration efforts to renegotiate award terms.