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Apple chip partner TSMC may soon benefit from the 2022 Chips Act, with the $53 billion grant pool expected to be tapped within the coming weeks.
![Processor wafers [TSMC]](https://i0.wp.com/photos5.appleinsider.com/gallery/58332-118885-55773-113304-000-lead-processors-xl-xl.jpg?fit=640%2C720&ssl=1)
Processor wafers [TSMC]
Processor wafers [TSMC]
The CHIPS for America Fund, also known as the Chips Act, was approved in 2022 as a way to build up the U.S. semiconductor industry, via the issuing of grants and loans to companies in the space. Over a year later, funds may finally get awarded.
The ***** Administration is anticipated to award billions from the $53 billion pool to chip makers including Intel, TSMC, and others to construct factories in the U.S., reports the Wall Street Journal.
Go Here to Read this Fast! Massive $53B US chip fund grant announcements expected within weeks
Originally appeared here:
Massive $53B US chip fund grant announcements expected within weeks
