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Stock impact report

TSMC, GlobalFoundries Finish Talks Over Billions in Chips Awards [Yahoo! Finance]

GlobalFoundries Inc. (GFS) 
Company Research Source: Yahoo! Finance
in grants and loans to support US factories, people familiar with the matter said, as Biden administration officials race to get Chips and Science Act money out the door. Most Read from Bloomberg Paris Restricts Through Traffic in City Center From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Key Ballot Initiatives and Local Races Highlight Views on Abortion, Immigration It is unclear when the agreements will officially be signed and the incentives unveiled, according to the people, who asked not to be identified because the conversations are private. The award amounts are roughly in line with preliminary agreements announced earlier this year, the people said. TSMC's package announced in April includes $6.6 billion in grants and as much as $5 billion in loans to support the construction of three semiconductor factories in Phoenix. GlobalFoundries' agreement from February is for $1.5 billion in grants and as much as $1.6 billion in loans to suppo Show less Read more
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