CHIPS Act

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-...

The Biden administration aims to leverage the $280 billion CHIPS and Science Act to attract semiconductor companies focusing on digital twins, virtual representations of physical chips. According to The Verge, this initiative includes the establishment of the CHIPS Manufacturing USA institute,...

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...

Taiwan Semiconductor Manufacturing Corp. (NYSE:TSM) is expected to win up to $5 billion in grants from the U.S. government for building a chip fabrication facility in Arizona. Bloomberg reported on Friday, citing sources familiar with the matter, that the world’s largest contract chipmaker...

President Joe Biden currently leads as the favored candidate for the Democratic nomination in the 2024 presidential election. While he's not campaigning, Biden is busy governing the country and focusing on top priorities. Voters will hear more about those priorities and recent wins from his...

Congresswoman Nancy Pelosi is often scrutinized for stocks and options transactions that are made by herself or her venture capitalist husband. One of the stocks often targeted by retail traders is NVIDIA Corp (NASDAQ:NVDA), which the Pelosis have bought and sold several times in the past two years...

U.S. semiconductor maker GlobalFoundries Inc (NASDAQ:GFS) is the first recipient of a government grant from the Commerce Department under the Biden administration’s $53-billion CHIPS Act. GlobalFoundries announced Monday it would receive $1.5 billion to support the expansion of its production...