Where Biden's billions in chipmaking money has gone — and what could be next

) marks a move to the next phase of the Biden administration's effort to bring semiconductor manufacturing back to the US.

Thus far Biden's team has allotted roughly $23 billion of the $39 billion set aside for manufacturers with that money set to help fund facilities from Arizona and New Mexico to Ohio and New York.This money comes from the 20-month-old Chips and Science Act, which allows the White House to spend a total of about $50 billion to try and help reignite both the manufacturing and research into chips in the US in the years ahead.

Samsung is focused on leading edge chips at this facility, including production using the two nanometer process, the most advanced process technology in the world. Other awards could also be focused on the less advanced chip production that is nonetheless important for a range of applications from national security to home appliances.of having 20% of the world's most advanced logic chips made in the US by the end of the decade.

All told, according to the Biden administration, there have been more than $70 billion in requests for leading edge funding, far exceeding the $39 billion in the manufacturing program overall. -- Canada’s newest oil pipeline may spell trouble for a Middle Eastern country almost 7,000 miles away: Iraq.

NEW YORK -Oil prices slipped lower on Monday after Iran's weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Oil dropped by more than $1 a barrel earlier in the session before paring some losses after Reuters reported that Prime Minister Benjamin Netanyahu had summoned his war cabinet for the second time in less than 24 hours, citing a government source.

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