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Biden set to announce billions in chip subsidies for Intel, Taiwan Semi, others – WSJ


Intel Processor Core i5 2500K

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The Biden administration is expected to award billions of dollars in subsidies to Intel (NASDAQ:INTC), Taiwan Semiconductor (NYSE:TSM), and other semiconductor firms in the coming weeks for new factories.

The subsidies, part of the $53 billion Chips Act, are expected to be announced



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