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Intel, TSMC on high alert as CHIPS Act Awards reevaluated, Devdiscourse says

Intel, TSMC on high alert as CHIPS Act Awards reevaluated, Devdiscourse says

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.

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