Trump’s Win Sets Off Race to Complete Chip Subsidy Deals (1)

The Biden administration is racing to complete Chips Act agreements with companies like Intel Corp. and Samsung Electronics Co., aiming to shore up one of its signature initiatives before President-elect Donald Trump enters the White House.

The Commerce Department has allocated more than 90% of the $39 billion in grants under the 2022 Chips and Science Act, a landmark law designed to rebuild the domestic chip industry. But the agency has only announced one binding agreement so far.

The next two months will prove critical for more than 20 companies still in the process. Some of them, including Taiwan ...