chips

By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said Friday it has finalized a $6.6 billion government subsidy for Taiwan Semiconductor Manufacturing Co’s U.S. unit for semiconductor production in Phoenix, Arizona. The binding contract – after a preliminary agreement announced in April – is the first major award…

PepsiCo is selling bigger packs of chips to win over inflation-weary shoppers.The company’s snack revenue fell 1% during the third quarter, it said Tuesday.It’s the latest sign that shoppers are getting some relief after years of rising food prices. There’s finally some good news for snackers reaching for a bag…

(Reuters) – TikTok’s Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei Technologies, said three people familiar with the matter, as U.S. curbs turn the social media giant homeward in search of chips. ByteDance has diversified to domestic suppliers of chips used in…