Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday, the latest in a string of awards meant to strengthen the U.S. supply of semiconductors. Commerce Department officials said the grant would help Polar upgrade…
President Biden will issue a multibillion-dollar award to Intel on Wednesday to expand its chip production in the United States, people familiar with the decision said, as the president champions his economic policies during a tour of the Southwest. The announcement in Phoenix, Ariz., is a major award from Mr. Biden’s $39 billion CHIPS and…
In December 2022, Taiwan Semiconductor Manufacturing Company, the key maker of the world’s most cutting-edge chips, said it planned to spend $40 billion in Arizona on its first major U.S. hub for semiconductor production. The much ballyhooed project outside Phoenix — with two new factories, including one with more advanced technology — became a symbol…
