Intel CFO says the US deal aims to deter Intel from selling its foundry; it lets the US buy 5% more at $20/share if Intel's stake in the unit falls below 51%
until it didn't Mai Tao / Robotics & Automation News : US government takes 10 percent stake in Intel for $9 billion Ashley Belanger / Ars Technica : Intel details everything that could go wrong with U...
Sources: Intel, the biggest recipient of CHIPS Act money, could get less than $8B, after its Ohio plant delays; the US announced $8.5B for Intel earlier in 2024
The Biden administration is reducing its award to the pioneering chip maker to less than $8 billion, from $8.5 billion.
Biden admin finalizes its $6.6B CHIPS Act grant to TSMC; money will be disbursed in stages and TSMC is expected to receive at least $1B by the end of 2024
LIMA, Peru — The Biden administration has finalized its $6.6 billion CHIPS Act grant to Taiwan Semiconductor Manufacturing Co. …
The Biden administration approves $1.6B in CHIPS Act grants and $3B in loans for Texas Instruments, to help pay for one chip factory in Utah and two in Texas
Mackenzie Hawkins / Bloomberg :
The Biden administration approves $1.6B in Chips Act grants and $3B in loans for Texas Instruments, to help pay for one chip factory in Utah and two in Texas
- Funding will support $18 billion in spending in Texas, Utah — Biden administration almost finished allocating chips grants
Sources: the US plans to award Samsung $6B+ next week to build four chip facilities in Taylor, Texas, including a $17B plant, as part of the $52.7B CHIPS Act
The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung (005930.KS) …
Sources: the Biden administration is in talks to confer more than $10B in subsidies to Intel, in what would be the largest award yet under the CHIPS Act
Bloomberg :
The White House awards $162M in federal grants to Arizona-based Microchip Technology to expand its Oregon and Colorado facilities, the second CHIPS Act award
The Biden administration said its second grant under a new program would help Microchip Technology expand its facilities in Oregon and Colorado.
GGV, which has backed companies like Alibaba, ByteDance, Xiaomi, and Didi, splits into Asia and US units; in July, the US asked about GGV's holdings in China
Move follows similar decision by rival Sequoia Capital and Biden order to limit American investment in Chinese tech
Amazon plans to acquire Roomba maker iRobot in a $1.7B all-cash deal; Colin Angle will remain as iRobot's CEO
Everyone's Favorite Robot Cleaning Company Financial Times : Amazon acquires Roomba maker iRobot for $1.7bn Jon Fingas / Engadget : Amazon is buying iRobot, the creator of the Roomba robot vacuum Chan...