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U.S. to reportedly announce billions of dollars in subsidies for advanced chips

US President Joe Biden speaks at a meeting of the National Infrastructure Advisory Council, in the Indian Treaty Room of the White House in Washington, DC, on December 13, 2023.Jim Watson | AFP | Getty ImagesThe Biden administration is expected to award billions of dollars in subsidies to top semiconductor companies, including Intel and Taiwan Semiconductor Manufacturing Co. (TSMC), in the coming weeks to help build new factories in the United States, The Wall Street Journal reported on Saturday...

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