Biden administration finalizes $6.6B in chips grants for TSMC before Trump takes office ...Middle East

The White House on Friday announced it had finalized an agreement with a major semiconductor manufacturer to invest billions of dollars in facilities in Arizona as President Biden looks to cement parts of his legislative legacy before leaving office in January. Biden in a statement announced the government had completed a $6.6 billion grant agreement with Taiwan Semiconductor Manufacturing Company through the Chips and Science Act, a bipartisan bill signed into law in 2022 intended to boost U.S. production of critical semiconductor chips. "Today’s announcement is among the most critical milestones yet in the implementation of the bipartisan CHIPS & Science Act, and demonstrates how

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