It has been reported in recent weeks that the Biden administration plans to award billions of dollars in subsidies to top semiconductor companies, including Intel and Taiwan Semiconductor Manufacturing Co (TSMC), to build new factories in the United States. The Wall Street Journal reported. The planned announcement is intended to encourage production of advanced semiconductors used in smartphones, artificial intelligence and weapons systems, and some announcements will be made before President Biden's speech on March 7, according to reports citing industry officials. It is said that it is expected. Intel has projects totaling more than $43.5 billion in ongoing projects in Arizona, Ohio, New Mexico and Oregon, making it one of the most likely candidates for grants. Another candidate, TSMC, is investing $40 billion in two factories under construction near Phoenix. Additionally, rival Samsung Electronics has a $17.3 billion project in Texas. The U.S. Commerce Department said it was not willing to comment on potential applicants or timing reports. Last December, Gina Raimondo, director of the U.S. Department of Commerce, announced that about 12 announcements worth hundreds of billions of dollars would be made by next year to provide funding related to semiconductor chips. Last year, it gave more than $35 million in grants to BAE Systems, which produces chips for fighter jets, as part of its $39 billion 'Chips for America' grant program.