[ad_1] In addition to the $6.4 billion, Samsung has indicated it also will claim an investment tax credit from the U.S. Treasury Department.(Photo: Reuters) 2 min read Last Updated : Apr 15 2024 | 3:33 PM IST The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for … Read more
[ad_1] President Biden’s to semiconductor manufacturers. The White House Taiwan Semiconductor Manufacturing Company (TSMC) is receiving $6.6 billion in grants to build three fabrication plants, otherwise called fabs, in the region of Phoenix, Arizona. This is in addition to around $5 billion in government loans. As part of this deal, TSMC agreed to expand its … Read more
[ad_1] Intel is getting a huge boost from the US government under the CHIPS and Science Act. The company could get up to $8.5 billion in direct funding from the government, according to the preliminary agreement it has reached with the Department of Commerce. That money will go towards the chipmaker’s efforts to expand its … Read more