TSMC

The Trump administration is moving to redirect unallocated CHIPS Act funds while relying on tariff threats rather than subsidies to push chipmaking onshore. TSMC retained its $6.6 billion federal grant, but pressure from tariff threats led it to raise its total US investment pledge from $65 billion to more than $165 billion. Commentators note this shifts reshoring costs onto private capital, though tariffs are seen as a far slower route to building semiconductor capacity than direct subsidies.

Intel says its upcoming 14A process node will come within 5% of the performance of TSMC's competing A14 technology, a projection the company describes as conservative. The claim feeds an ongoing debate over whether Intel Foundry can close the gap with TSMC, with Intel pointing to frequency advantages of its 18A node as evidence of momentum. Industry watchers are weighing whether the forecast is credible given Intel's recent manufacturing struggles.