The Biden administration approves $1.6B in Chips Act grants and $3B in loans for Texas Instruments, to support its one chip factory in Utah and two in Texas (Mackenzie Hawkins/Bloomberg)

Mackenzie Hawkins / Bloomberg:
The Biden administration approves $1.6B in Chips Act grants and $3B in loans for Texas Instruments, to support its one chip factory in Utah and two in Texas  —  - Funding will support $18 billion in spending in Texas, Utah  — Biden administration almost finished allocating chips grants