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Stock impact report

Where Biden's billions in chipmaking money has gone — and what could be next [Yahoo! Finance]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The White House announcement this week of up to $6.4 billion in chipmaking cash for Samsung ( 005930.KS ) marks a move to the next phase of the Biden administration's effort to bring semiconductor manufacturing back to the US. The focus so far has largely been on leading-edge logic semiconductors. The rollout now is set to focus on other areas, including the memory chips which represent another crucial ingredient in powering artificial intelligence. Billions could be distributed to companies focused on that side of the sector in the coming weeks and months. Thus far Biden's team has allotted roughly $23 billion of the $39 billion set aside for manufacturers with that money set to help fund facilities from Arizona and New Mexico to Ohio and New York. Other big recent awards beyond Samsung were $6.6 billion in grants to the Taiwan Semiconductor Manufacturing Company ( TSM ) and $8.5 billion to Intel ( INTC This money comes from the 20-month-old Chips and Science Act, which al Show less Read more
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