Biden locks in $6.6B for TSMC chip factories, ensuring Trump can’t rescind CHIPS Act deal
By Phineas Hogan/Cronkite News, Arizona Mirror November 18, 2024 WASHINGTON – The Biden administration has finalized a $6.6 billion award for the Taiwan semiconductor giant that is building massive factories in Phoenix, amid concerns President-elect Donald Trump will derail subsidies aimed at fostering the domestic chip industry. “This is a gigantic announcement,” Secretary of Commerce Gina Raimondo told reporters on a call ahead of the announcement early Friday, 10 days after Trump’s election. “This will be one of the most…