💨 Abstract

The Biden administration is set to finalize Chips and Science Act awards for GlobalFoundries and at least two other unnamed chipmakers, a sign of progress in the award rollout. The awards, expected to be close to the initial sum, are for building and expanding semiconductor production facilities in the U.S. This move aims to lure chipmakers out of Asia. So far, only one award, to Polar Semiconductor, has been finalized.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖