The US says the focus of its $39B chip making fund, a part of the $52B CHIPS Act, is on strengthening national security, not subsidizing struggling companies (Bloomberg)

Bloomberg:
The US says the focus of its $39B chip making fund, a part of the $52B CHIPS Act, is on strengthening national security, not subsidizing struggling companies  —  As President Joe Biden’s administration prepares to accept requests for $39 billion in funding to jumpstart US production of microchips …