The U.S. Department of Commerce approves multiple government subsidies

The U.S. Department of Commerce recently approved a number of government subsidies, including $6.165 billion in subsidies to Micron Technology to produce semiconductors in New York and Idaho; $7.86 billion in subsidies to Intel; $6.6 billion in subsidies to Taiwan Semiconductor Manufacturing Company to open a new department in the United States; and a $1.5 billion investment in GlobalFoundries.