The Biden administration has finalized a multibillion-dollar award for TSMC. made possible by the CHIPS and Science Act, marking a major milestone for the program.   

Wolfspeed, a manufacturer of chips used primarily in EVs, is in line to win $750 million in U.S. government grants as well as $750 million in financing led by Apollo Global Management.

The U.S. plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories.