Friday, August 16, 2024

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



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...