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More than a year after President Biden signed the CHIPS and Science Act into law, the Commerce Department is pushing to get billions of dollars in semiconductor manufacturing and research incentives out the door. But the government is set to run out of money Nov. 17, and a potential shutdown — which could slow down…
For years the titans of finance have argued Wall Street could spend money more efficiently than the government can. Now a handful of bankers will get the chance to see if they're right.
The team aims to use the cash to lure the biggest chipmakers and suppliers to build a string of new factories here, reversing a decades-long shift of their production to East Asia that Washington worries has left America vulnerable.
The Biden administration has set the final guidelines restricting the growth of semiconductor companies in China that are beneficiaries of
It's the last regulatory hurdle before the Commerce Department hands out more than $100 billion worth of federal aid intended to boost domestic chipmaking while containing China's technological advancement.