Biden administration officials are working against the clock doling out billions in grants and taking other steps to try to preserve at least some of the outgoing president’s legacy before President-elect Donald Trump takes office in January.

As part of the deal, TSMC agreed to invest about $65 billion to expand operations in Phoenix, in order to build its most advanced chips. It also agreed to limit stock buybacks for

The White House on Friday announced it had finalized an agreement with a major semiconductor manufacturer to invest billions of dollars in facilities in Arizona as President Biden looks to cement parts of his legislative legacy before leaving office in January.

President Joe Biden on Friday praised the cooperation between South Korea, Japan and the U.S. at countering what he described as North Korea's “dangerous and destabilizing cooperation with Russia.”

US President Joe Biden told the leaders of Japan and South Korea that their coordinated efforts were essential to “countering North Korea’s dangerous and destabilizing cooperation with Russia” as they met Friday on the sidelines of the APEC Summit in Lima.

U.S. President Joe Biden met with Japanese and South Korean leaders on Friday as they sought to cement their diplomatic progress ahead of a new Trump administration that many fear could upend alliances worldwide.