💨 Abstract

The Biden administration is close to finalizing Chips and Science Act awards for Taiwan Semiconductor Manufacturing Co, GlobalFoundries, and another unnamed chipmaker. The U.S. Commerce Department has notified Congress about three companies nearing a deal under the Act, which aims to bring chipmakers to the U.S. from Asia. Only one award, worth $123 million to Polar Semiconductor, has been finalized and announced so far.

Courtesy: theprint.in

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