Comes after chipmaker finalized CHIPS and Science Act funding

Biden administration keen to complete negotiations before the end of his term

Company received a “significant reduction” in the penalty due to its cooperation

Team of Tagore engineers will join the company

Both chip companies pledged to invest in training schemes under terms of CHIPS Act

State aims for leadership position on GaN semiconductors

Money will be used to support expansions at company’s New York and Vermont sites

Keppel to provide energy to chip maker via new gas plant