The Biden administration has finalized a multibillion-dollar award for TSMC. made possible by the CHIPS and Science Act, marking a major milestone for the program.   

The Biden administration is racing to complete CHIPS Act agreements, aiming to shore up one of its signature initiatives before President-elect Donald Trump enters the White House.

Sunnyvale, Calif., will host both a research and development semiconductor facility and serve as joint headquarters for Natcast and the National Semiconductor Technology Center.

ALBANY, N.Y. — A semiconductor research facility in upstate New York was selected as one of three national technology centers and will receive up to $825 million in funding.

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects.

Wolfspeed, a manufacturer of chips used primarily in EVs, is in line to win $750 million in U.S. government grants as well as $750 million in financing led by Apollo Global Management.

Intel and Amazon’s AWS will co-invest in a custom semiconductor for artificial intelligence computing — what’s known as a fabric chip — in a “multiyear, multibillion-dollar framework.” 

Texas Instruments is set to receive $1.6 billion in CHIPS Act grants and $3 billion in loans, marking the latest major award from a program designed to boost semiconductor manufacturing.

In the two years since President Biden signed the measure into law, the Commerce Department indicated it has announced more than $30 billion in private sector investments across 15 states.

The Biden administration is nearly finished dividing up $39 billion in grants under the CHIPS and Science Act, the landmark legislation aimed at revitalizing the semiconductor industry.