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

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

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

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

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

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

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

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

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

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