Apple chip partner TSMC may soon benefit from the 2022 Chips Act, with the $53 billion grant pool expected to be tapped within the coming weeks.
Apple chip partner TSMC may soon benefit from the 2022 Chips Act, with the $53 billion grant pool expected to be tapped within the coming weeks.
The CHIPS for America Fund, also known as the Chips Act, was approved in 2022 as a way to build up the U.S. semiconductor industry, via the issuing of grants and loans to companies in the space. Over a year later, funds may finally get awarded.
The Biden Administration is anticipated to award billions from the $53 billion pool to chip makers including Intel, TSMC, and others to construct factories in the U.
