Don Clark

The deal was the latest sign of changes in the tech sector, as artificial intelligence booms and sales of some hardware slows.

Delays in finishing new factories are emerging, just as the Biden administration begins handing out money to stoke domestic production.

The A.I. chip maker’s revenue more than tripled, and profits rose ninefold. It also projected that its revenue would more than triple again.

Taiwan Semiconductor Manufacturing Company plans to build an additional factory and upgrade another planned facility in Phoenix with the federal grants.

The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.

The proposed funding, part of the CHIPS Act, is intended to stoke chip packaging, a process that helps drive progress in semiconductors but that takes place mostly in Asia.

The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.

The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.

The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with Amazon and would pause some initiatives.

While Intel has struggled in recent years, other chipmakers are thriving because of a boom in demand.