CHIPS Act

Chipmakers are likely to benefit from the ‘One Big Beautiful Bill Act’ passed by the Senate on Tuesday, as they will be eligible for an investment tax credit that can incentivize the semiconductor business. What Happened: According to the provisions of the tax cut bill proposed by...

Silicon carbide component manufacturer Wolfspeed Inc. (NYSE:WOLF) is preparing to file for prepackaged Chapter 11 bankruptcy protection in the coming weeks. What Happened: Facing mounting debt and failed out-of-court restructuring talks with key creditors, the company is reportedly...

The past week was filled with intriguing stories, from the Trump administration’s backing of a Biden-era project to a lawsuit over China tariffs. Members of Congress are trading Tesla stock, while Trump’s stance on cannabis policy remains unclear. Lastly, the President sets up a new...

President Donald Trump has set up a new body within the Commerce Department to manage the CHIPS and Science Act, 2022. What Happened: A new entity, the United States Investment Accelerator within the Commerce Department, will now oversee the CHIPS Act program, as established by an executive order...

The past week has been a rollercoaster ride for the financial world. From Warren Buffett’s stern warning about tariffs to President Trump’s call to end the CHIPS Act, the market has been grappling with a flurry of developments. Here’s a quick recap of the top stories that made...

President Donald Trump during his joint address to Congress on Tuesday evening called for ending the CHIPS Act, which provides manufacturing incentives to semiconductor companies setting up their facilities in the U.S. What Happened: During a primetime address to Congress on Tuesday, the president...

Intel Corp. (NASDAQ:INTC) may be facing a turning point as rumors suggest the U.S. government could intervene to push a joint venture between the struggling chipmaker and Taiwan Semiconductor Manufacturing Co. (NYSE:TSM). What Happened: According to Baird analyst Tristan Gerra, supply chain sources...

In a significant move to bolster the domestic semiconductor industry, the U.S. Commerce Department has approved a $406 million grant for Taiwan’s GlobalWafers. This funding is aimed at enhancing silicon wafer production within the United States. What Happened: The grant will facilitate...

The iShares Semiconductor ETF (NASDAQ:SOXX) had a rocky year. While semiconductors at large posted historic gains through 2024’s first half, they erased much of their gains in the late summer and fall. One industry analyst is optimistic about the industry’s prospects in 2025. The...

The White House announced on Tuesday that Nvidia, AMD rival Micron Technology Inc. (NASDAQ:MU) has received a substantial investment of over $6.1 billion. Following this, the stock jumped by 2.47% during pre-market hours. What Happened: The investment will support the construction of advanced...

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...