In the news:
Microchip Pauses Chips Act Application After Scaling Back Plans / Stocks making the biggest moves midday: Advance Auto Parts, Robinhood, chip equipment makers and more / Nvidia-partner SK Hynix will get $450 million in Chips Act funding for its facility in Indiana / Chip sector caught in battle of AI versus geopolitics / TSMC receives $6.6B to build chip factories under U.S. CHIPS and Science Act / Intel to receive up to $8.5bn in U.S. CHIPS Act grant / Bloomberg Daybreak Asia: Nvidia's New Chip, China Evergrande