The Biden administration is set to provide "billions of dollars" in funding to chipmakers like Intel and TSMC in an attempt to haste the process of setting up in-house facilities. Biden Administration All Set To Promote In-House Production Through Large-Scale Funding, Attracting Several Firms To The US The new round of subsidies by the US government is targeted towards helping firms make their transition into the US through ramped-up financing for setting up new factories. Based on a report by the Wall Street Journal, the new funding will reportedly benefit the members of the CHIPS Act, which includes the likes […]
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