"Breaking: US Unveils Billions in Advanced Chip Subsidies - WSJ"

Biden administration to award billions in subsidies to semiconductor companies like Intel and TSMC.

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The subsidies aim to boost manufacturing of advanced semiconductors for smartphones, AI, and weapons systems.

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Expected announcements before Biden's State of the Union address on March 7.

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Intel has projects costing over $43.5 billion in Arizona, Ohio, New Mexico, and Oregon.

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TSMC, another recipient, investing $40 billion in two plants near Phoenix.

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Samsung Electronics, with a $17.3 billion project in Texas, is also a contender.

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Micron Technology, Texas Instruments, and GlobalFoundries among other top contenders.

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U.S. Department of Commerce emphasizes a merit-based process with tough commercial negotiations.

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TSMC declined to comment, while Intel did not respond to requests.

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