The Biden administration has finalized its first binding award under the Chips and Science Act: a $123 million grant to Polar Semiconductor that officials say could double the company’s US manufacturing capacity within two years.

Minnow of among government funded whales to double production capacity US-based Polar Semiconductor – the maker of analog and power chip devices and sensors – has bagged $123 million of CHIPS and Science Act funding to nearly double production capacity in the US.

Intel is launching new Xeon 6 processors with performance cores as well as Gaudi 3 AI accelerators to stay competitive in the AI wars.

Aiming to reclaim its dominance in the datacenter market, Intel unveiled a couple of new AI chips to give the unchecked advances of NVIDIA and AMD some serious pause. The two new AI server chips, the Xeon 6 CPU and Gaudi 3 AI accelerator,