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Cranberry Journal

Thursday, October 22, 2026

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Markets
  • S&P 5007,666.89−1.16%
  • Nasdaq26,136.42−2.12%
  • Dow52,779.33−0.14%
  • 10-yr yield5.01%−2.70%
  • Crude$98.40+1.29%
At the close · Oct 22

CHIPS Act

Tagged stories

A large grey Texas Instruments sign with the red company logo on a flowered planter beside a tree-lined road, with the address 12500 TI Blvd.
Markets

Texas Instruments' Revenue Rose 28 Per Cent and Its Guide Is Flat at the Midpoint. Federal Chip Grants Supplied $1.1 Billion of Its $8.4 Billion Free Cash Flow.

Texas Instruments said on Wednesday 21 October that third-quarter revenue rose 28 per cent to $6.06 billion and earnings rose 77 per cent to $2.62 a share. It guided fourth-quarter revenue to $5.80 billion to $6.30 billion, a midpoint level with the third quarter. Trailing 12-month free cash flow was $8.42 billion, including $1.10 billion of CHIPS Act incentive proceeds.

By Daniel Okafor  

Two patterned silicon wafers on display, catching coloured light.
Technology

Japan Will Pay Up to $21 Billion for Two New Fabs in Upstate New York. GlobalFoundries Will Run Them, and Washington Will Own About 4 Per Cent of the Company.

GlobalFoundries said on Wednesday 14 October that it will be the technology provider and operator for two new chip plants at its Malta, New York site, funded by up to $21 billion from Japan under the U.S.-Japan trade agreement. The first fab is expected to come online in 2029. In a separate agreement, the Commerce Department will take about 4 per cent of the company.

By Alison Acosta