Welcome back to The Prompt.

TSMC is one of the companies awaiting CHIPS Act subsidies.

As Donald Trump gets set to return to the White House, several big chip companies are racing to finalize deals under the 2022 CHIPS Act, which was aimed at strengthening semiconductor manufacturing in the U.S. with $39 billion in grants. President-elect Trump was critical of the act during the campaign and Republicans are brainstorming reforms to it. As a consequence, the Biden Administration is rushing to complete subsidy contracts with giants like Intel and Samsung, Bloomberg reports.

There are still more than 20 companies still in the process of shoring up deals, including Taiwan Semiconductor Manufacturing Company and GlobalFoundries, which have reportedly wrapped up negotiations and are awaiting final announcements. The deals will have to be completed in the next two months before the Trump administration takes over.

Now let’s get into the headlines.

Waymo, the driverless car company owned by Google parent Alphabet, is now open for business to anyone in Los Angeles, getting rid of a wait list previously required to download the app, Forbes reports. This enables anyone in the second-largest U.S. city to book rides, with one caveat: the service is only available within an 80-square-mile portion running from downtown L.A. to Santa Monica.

WIth the expanded launch,........

© Forbes