US finalizes $6.6 billion CHIPS award for TSMC ahead of Trump return as Intel waits [USA TODAY]
Micron Technology, Inc. (MU)
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Source: USA TODAY
The binding contract - after a preliminary agreement announced in April - is the first major award to be completed under the $52.7 billion program created in 2022. Meanwhile, Intel continues to await final word on its pending award of $8.5 billion from the legislation that is meant to help it finance its $28 billion project in Licking County and expansions elsewhere for its U.S. operations. Intel also is eligible for up to $11 billion in low-cost loans. More: Business groups in Ohio, 3 other states push for immediate release of CHIPS Act money The final award to TSMC comes just weeks before President-elect Donald Trump, who criticized the program, takes office. In April, TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030. The Taiwanese company will produce the world's most advanced 2 nanometer technology at its second Arizona fab expected to begin production in 2028. TSMC also agreed to use its most advanced c
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