Chip Watch

Chips designer had already reached deal for $7 billion in aid. Plant construction was postponed due to economic headwinds.

Biden Commerce Secretary Raimondo on weeklong New Delhi trip. Raimondo says US wants India to play bigger supply-chain role.

US defense capabilities — from hypersonic weapons, drones and satellites — depend on the supply of chips that currently aren’t produced in the US. The chip funding program is focused on changing that.

The theft of technical data occurred in the last couple months. Tensions between US and China are high amid espionage claims.

Fourth-quarter results also come in ahead of estimates. Data-center sales helped offset decline in demand for PC chips.

Intel and AMD remain locked in a battle to lead the data center semiconductor chip industry. Bloomberg says AMD's stock will get a 19% boost this year.

Semiconductors have become key battleground between China, US. ASML forecast better-than-expected sales on strong demand.