TSMC Stock Falls Despite Securing Chips Act Funding. The Race Is On for Others.
The semiconductor maker is getting the money under the Chips Act. The cash will support the company’s planned investment of $65 billion to create a production cluster near Phoenix.
Biden administration signs off on $6.6 billion in CHIPS Act funds for TSMC's Phoenix site
Commerce Department has finally agreed to release $6.6 billion to help fund the Phoenix plant being built by TSMC. Trump has criticized the plan.
White House finalizes TSMC’s $6.6B CHIPS award
The Biden administration is pushing to roll out funding before President-elect Donald Trump takes office in January.
US finalizes up to $6.6 bn funding for chip giant TSMC
The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help build several plants on US soil, officials said Friday, finalizing the deal before Donald Trump's administration enters the White House.
TSMC, GlobalFoundries poised to get final Chips Act awards, sources say
Taiwan Semiconductor Manufacturing Co, GlobalFoundries and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said.
Biden completes $6.6 billion TSMC chip grant ahead of Trump admin
As part of the deal, TSMC agreed to invest about $65 billion to expand operations in Phoenix, in order to build its most advanced chips. It also agreed to limit stock buybacks for
Biden administration finalizes $6.6B in chips grants for TSMC before Trump takes office
The White House on Friday announced it had finalized an agreement with a major semiconductor manufacturer to invest billions of dollars in facilities in Arizona as President Biden looks to cement parts of his legislative legacy before leaving office in January.
Biden administration finalizes TSMC’s Chips Act award, with funds coming this year
Finalizing the agreement guarantees that cutting-edge semiconductor manufacturing will return to the U.S., Commerce Secretary Gina Raimondo said.
US to award Akash Systems up to $18.2 mln for chips production
The U.S. Commerce Department said Wednesday it has agreed to provide up to $18.2 million in government subsidy funding to ...
The future of the CHIPS Act could hang in balance of the presidential election
When the CHIPS and Science Act passed in 2022, it had bipartisan support. But the law has emerged as a point of contention ...
Ultrafast lasers enable manipulation of polar order in a charge density wave at room temperature
Addressing the challenge of controlling electronic states in materials, the scientific community has been exploring ...
White House races to dole out funding from key legislation before Trump takes office
The White House is racing to dole out remaining funds appropriated from key legislation President Joe Biden signed before ...