Biden administration is pushing to distribute funds before Donald Trump retakes the White House
Taiwan Semiconductor Manufacturing Company and Joe Biden’s administration have finalised more than $11bn in grants and loans to support the company’s US chipmaking plans, as the White House pushes to distribute subsidies before Donald Trump takes office. The deal with the world’s biggest chipmaker, which includes up to $6.6bn in grants and up to $5bn in loans, is the first major award under the Chips Act to be finalised.
” Raimondo will be replaced when Trump takes office and potential nominees for the role reportedly include former pro wrestling executive and co-chair of his transition team Linda McMahon. Industry insiders who spoke to the Financial Times on condition of anonymity acknowledged the uncertainty created by Trump’s election, but emphasised the high degree of bipartisan support for building up US chip manufacturing — which could fit with Trump’s “America First” agenda.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TSMC to close door on producing advanced AI chips for China from MondayWorld’s biggest contract chipmaker acts to ensure it is in line with US restrictions on Chinese access to latest processors
Read more »
The geopolitics of chips: Chips in the USATrump, the Chips Act and the future of a key technology
Read more »
East West Rail: First train tests on multi-billion pound routeA Chiltern Class 168 travelled along the first section of the £6bn East West Rail project.
Read more »
TSMC blows whistle on potential sanctions-busting shenanigans from HuaweiChip giant tells Uncle Sam someone could be making orders on the sly
Read more »
Intel and Samsung plan to join foundry forces to combat TSMC says a major Korean newspaperNick, gaming, and computers all first met in 1981, with the love affair starting on a Sinclair ZX81 in kit form and a book on ZX Basic. He ended up becoming a physics and IT teacher, but by the late 1990s decided it was time to cut his teeth writing for a long defunct UK tech site.
Read more »
TSMC's Chip Plant In Arizona Achieves Higher Yields Than TaiwanDuring awebinaron Wednesday hosted by thePotomac Institute for PolicyStudies, Taiwan Semiconductor Manufacturing US President Rick Cassidy told listeners thatTSMC's Phoenix
Read more »