Biden finalizes $6.6bn CHIPS Act grant to TSMC before Trump returns

Commerce Department rushes to get funding out the door in next two months

20241115 Biden

The CHIPS Act has been one of the signature policies of the Biden administration.  © Reuters

YIFAN YU, Nikkei staff writer

LIMA, Peru -- The Biden administration has finalized its $6.6 billion CHIPS Act grant to Taiwan Semiconductor Manufacturing Co., two months before president-elect Donald Trump returns to office.

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