White House stimulates construction of chip manufacturing plants in U.S.

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The White House intends to allocate billions of dollars in subsidies to leading American semiconductor companies, allowing them to expand their manufacturing capabilities in the U.S., according to Reuters. The administration of U.S. President Joe Biden aims to ensure that cutting-edge microchips used in smartphones, artificial intelligence development, and modern defense systems are manufactured in the U.S. Potential recipients of the subsidies include Intel and the Taiwan Semiconductor Manufacturing Co TSMC. South Korean company Samsung Electronics is also a contender for a grant from the Whi…

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