Asa Fitch

The U.S. government is granting Intel up to $8.5 billion to help fund new chip plants in four states, the largest award yet in an effort to revive American chip-making overseen by the Biden administration. The money will go toward new factories and expansion projects in Arizona, New Mexico, Ohio and Oregon, the Commerce Department said. Intel’s total investment in U.S. projects in the next five years is expected to exceed $100 billion, according to the department, which is overseeing the grants.

Taiwan Semiconductor Manufacturing, the world’s largest contract chip maker, said an earthquake on Wednesday put a small number of its manufacturing tools out of commission but that its most critical machinery had been spared damage. + The company, known by its initials TSMC, said that it evacuated workers from some of its chip-making plants after the earthquake and suspended work on construction sites. + As of Thursday, though, it said construction work resumed following inspections and that employees were back at work shortly after the quake, the most severe in Taiwan in 25 years.

Samsung Electronics plans to more than double its total semiconductor investment in Texas to roughly $44 billion, according to people familiar with

Taiwan Semiconductor Manufacturing, the world’s largest contract chip-maker, is sticking to its full-year revenue forecast after a major earthquake Wednesday knocked out some of its machinery. The company in January had forecast roughly 20% to 25% revenue growth for the full year, and on Friday left that figure unchanged.

Taiwan Semiconductor Manufacturing is getting up to $6.6 billion from the U.S. government for a factory complex under construction in Phoenix and will expand the operation’s scope and sophistication, part of a drive to regrow the domestic semiconductor industry. TSMC as the company is commonly called, will invest more than $65 billion in total and add a third chip factory to the manufacturing complex it started building in 2021, U.S. officials said. The company, the world’s largest contract chip maker, will also make currently cutting-edge 2-nanometer chips at one of the factories there.

The U.S. government grant follows billions for Intel and GlobalFoundries under the Chips Act.

The tech giant is developing new chips to cut reliance on outside vendors as the AI arms race for computing resources intensifies.

Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip-maker, reported a better-than-expected rise in quarterly sales Wednesday, boosting its stock. TSMC said it made about 593 billion New Taiwan dollars—the equivalent of more than $18.

The lead time to get custom cooling systems is five times longer than a few years ago, and delivery times for backup generators have gone from as little as a month to as long as two years.

CoreWeave, a cloud-computing startup backed by Nvidia nearly tripled its valuation to $19 billion in a new funding round that highlights booming demand for the cutting-edge systems that power artificial intelligence. The $1.1 billion funding round was led by Coatue, and follows a round about five months ago that valued seven-year-old CoreWeave at $7 billion. The New Jersey-based company rents out chips housed in data centers across the U.S. that customers use to create and deploy AI systems.