TSMC and GlobalFoundries Finish Talks Over Chips Act Awards
- US officials look to announce agreements in coming weeks
- Biden team is racing to get Chips Act money out the door
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Taiwan Semiconductor Manufacturing Co. and GlobalFoundries Inc. have finished negotiating binding agreements for billions of dollars in grants and loans to support US factories, people familiar with the matter said.
The deals, announced as tentative agreements earlier this year, come as the Biden administration races to get Chips and Science Act money out the door before the end of its term in January.