CHIPS Act

SkyWater Technology, Inc. (NASDAQ:SKYT) shares are up on Friday following an announcement about securing up to $16 million in funding administered by the U.S. Department of Commerce. The proposed federal funding is part of the CHIPS Act, which President Joe Biden signed in 2022. It will support...

The U.S. government reportedly plans to reduce Intel Corp's (NASDAQ:INTC) $8.5 billion federal chips grant. What Happened: Intel, the largest beneficiary of CHIPS Act funding, is set to receive less than $8 billion, a reduction from the $8.5 billion initially announced earlier this year, reported...

Donald Trump has been elected as the 47th president of the United States, defeating his Democratic opponent Kamala Harris. Here’s a look at where Trump stands on issues surrounding the technology sector and some of the biggest companies on Wall Street. Tariffs: President-elect Trump has...

The iShares Semiconductor ETF (NASDAQ:SOXX) has been on a bullish run, boasting a 25.16% gain year-to-date and a remarkable 45.12% rise over the past year. Tracking U.S.-listed semiconductor sector equities, the iShares Semiconductor ETF rode the surge in demand for AI, cloud computing and...

Intel Corporation (NASDAQ:INTC) shares are surging following reports that the company qualified for up to $3 billion in federal funding to produce semiconductors for U.S. military applications. The potential grant, part of the CHIPS and Science Act's Secure Enclave program, aims to secure a...

A market strategist is providing insight into which sectors could benefit based on whether Donald Trump or Joe Biden wins the 2024 presidential election. What Happened: There is a lot of focus on electric vehicles ahead of the 2024 election with a win by Trump seen as a negative for the sector, but...

The trading activity of members of Congress continues to draw increased attention from investors with the potential that conflicts of interest, including committee assignments, could influence trades. A well-known member of Congress disclosed multiple trades on Friday around market close. What...

Former House Speaker Nancy Pelosi is among the most followed Congress members when it comes to disclosing trades. That’s because her husband, venture capitalist Paul Pelosi, made a sizable profit from owning call options in Nvidia Corporation (NASDAQ:NVDA). After Nvidia reported first-...

Leading semiconductor company Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) is set to report first-quarter financial results before the market opens Thursday, April 18. Here are the key earnings estimates, what analysts are saying and key items for investors to watch. Earnings Estimates:...

Several leading semiconductor companies have benefitted from increased use cases for artificial intelligence. Semiconductor companies are also benefitting from a push to expand operations in the United States, with the U.S. CHIPS and Science Act helping to provide funding for expansion in the...

The U.S. government is set to provide up to $6.6 billion in funding to Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), a major semiconductor supplier for Apple and NVIDIA, for its Arizona plants. What Happened: The funding, a part of the U.S. CHIPS and Science Act, will bolster TSMC’s...

Chipmaker Intel Corporation (NASDSAQ:INTC) saw shares trade higher Tuesday on the heels of receiving funding from the U.S. Department of Commerce. Here's the latest and how some members of Congress could benefit. What Happened: Intel signed a non-binding preliminary memorandum of terms (PMT) for $8...

Intel Corp. (NASDAQ:INTC) shares jumped over 3% premarket after the Joe Biden-led administration proposed a non-binding preliminary memorandum of terms (PMT) with the tech giant to provide up to $8.5 billion in direct funding as part of the CHIPS and Science Act. What Happened: The proposed funding...

President Joe Biden is expected to award a multi-billion dollar award to Intel Corporation (NASDAQ:INTC) to expand semiconductor production in the U.S. The funding is part of the CHIPS and Science Act, a $280 billion package Biden signed into law in 2022. Biden is expected to announce the award...

In a significant development, Samsung Electronics Co. (OTC:SSNLF) is reportedly on the verge of securing over $6 billion from the U.S. government to expand its chipmaking operations in the country. What Happened: As per a Bloomberg report released on Thursday, citing people familiar with the matter...