The White House is reassessing awards under the U.S. CHIPS and Science Act, potentially delaying semiconductor funding, Devdiscourse reported. Sources suggest the Biden administration is reviewing agreement terms to align with current policies, which could affect deals established under previous administrations and impact major semiconductor firms. Companies such as GlobalWafers, Intel (INTC), and TSMC (TSM) are reportedly on high alert, while those with existing or planned expansions in China face increased scrutiny.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Intel’s (NASDAQ:INTC) New Joint Venture a Huge Boost
- AMD, Intel in the spotlight as Arm said to secure Meta as chip project customer
- AMD and Intel Clash in Epic Struggle for Chip Stock Supremacy
- Early notable gainers among liquid option names on February 13th
- Unusually active option classes on open February 13th