Texas Instruments awarded $1.6 billion in CHIPS Act funding for domestic silicon production

Engadget
By Will ShanklinAug 16, 2024, 2:00 pm272 pts
Texas Instruments is the latest recipient of CHIPS Act funds. The 2022 law, signed by President Biden to boost domestic silicon production in the face of increasing Chinese chip imports, will award TI $1.6 billion in grants. The company will also receive $3 billion in loans and tax credits that could amount to…

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