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.
August 16, 2024GovernmentBusinessTechnology
CHIPS Act Turns 2, Stays on Track
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.
August 9, 2024GovernmentBusinessTechnology
TSMC Hits $1 Trillion in Market Value on Relentless AI Rally
Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.
July 8, 2024BusinessTechnologyAutonomous
Chipmaker Nvidia Becomes Most Valuable Company in S&P 500
Nvidia’s startling ascent in the stock market reached another milestone June 18 as the chipmaker rose to become the most valuable company in the S&P 500.
June 18, 2024GovernmentBusinessTechnology
Lawmakers Seek to Limit Chinese Influence on Chipmaking
U.S. lawmakers want to prevent companies that win federal chipmaking funds from using Chinese-made equipment at government-backed factories.
June 18, 2024BusinessTechnology
Waning EV Market Drags Down Chipmakers’ Shares
A waning electric vehicle market is dragging down shares of companies making chips for automobiles, with their limited exposure to AI excluding them from a broader rally.Â
April 19, 2024