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“I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS Act awards in a confirmation hearing Jan. 29.

The Biden administration has reached a final agreement to give Micron Corp. nearly $6.2 billion in subsidies from a program designed to boost American semiconductor manufacturing.

The Biden administration is racing to complete CHIPS Act agreements, aiming to shore up one of its signature initiatives before President-elect Donald Trump enters the White House.

The rules, which come after more than a year of deliberation, ban some investments into those industries and require the U.S. government to be notified about others.

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects.

The Biden administration plans to impose export controls on critical technologies including quantum computing and semiconductor goods.

Texas Instruments is set to receive $1.6 billion in CHIPS Act grants and $3 billion in loans, marking the latest major award from a program designed to boost semiconductor manufacturing.

The Biden administration is nearly finished dividing up $39 billion in grants under the CHIPS and Science Act, the landmark legislation aimed at revitalizing the semiconductor industry.

U.S. lawmakers want to prevent companies that win federal chipmaking funds from using Chinese-made equipment at government-backed factories.

The Biden administration is trying to turn cutting-edge semiconductor research into a more enticing field for Americans.