What exactly will happen to the

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6 billion from the Joe Biden administration under the "Chips Act". Texas Instruments is a relatively small player, with a market capitalization of $170 billion. Thus, the company will receive a grant from the government equal to 1% of its value. The act, a copy of which was later approved by the European Parliament, will provide grants, subsidies and soft loans to several corporations.


Recently, TSMC received $6.6 billion in grants and $5 billion in soft loans under the Chips Act. In addition to the Taiwanese company, the list also includes Intel’s $7.8 billion grant and Micron’s $6.1 billion grant. In total, new zealand fax data the companies will invest $450 billion in the US economy, creating 125,000 new jobs in the country. This investment will cost the US government $36 billion, the bulk of which, $19 billion, has already been transferred to the companies.


“Chips and Science Act” under the incoming US President, Donald Trump, is currently unknown. The only thing we know is that Donald Trump is not exactly positive about this legislative initiative. Chips Act Joe Biden Biden administration Samsung Texas Instruments Grants and loans Donald Trump USA Technologies Microchips Semiconductors Investments AI Artificial intelligence TECH INFORM Similar news Joe Biden Biden to ban Americans from trading with up to 200 Chinese companies - Reuters 15:32 - 25.