U.S. Set to Offer Billions In Subsidies For Advanced Chips

The Biden administration is expected to award billions of dollars in subsidies to top semiconductor companies, including Intel and Taiwan Semiconductor Manufacturing (TSMC), in the coming weeks to help build new factories in the US, the Wall Street Journal reported.

Among the likely recipients of the subsidies, Intel has projects underway in Arizona, Ohio, New Mexico, and Oregon that will cost more than $43.5 billion. I Photo: Intel

The forthcoming announcements are aimed at kick-starting manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

Among the likely recipients of the subsidies, Intel has projects underway in Arizona, Ohio, New Mexico, and Oregon that will cost more than $43.5 billion, the paper said.

TSMC has two plants under construction near Phoenix for a total investment of $40 billion.

South Korea's Samsung Electronics, also a contender, has a $17.3 billion project in Texas. Micron Technology, Texas Instruments, and GlobalFoundries count among other top contenders, WSJ said, citing industry executives.

WEEKLY FEATURE : Jose Mari Chan And The Christmas Anthem