Biden locks in $6.6B for TSMC chip factories, ensuring Trump can't rescind deal (azmirror.com)

> TSMC has met enough milestones to receive at least $1 billion by the end of the year, and will receive the rest as the project progresses, said Michael Schmidt, director of the CHIPS program office at the Commerce Department." “It’s a binding contract,” added Ryan Harper, the White House CHIPS implementation coordinator. “The company, as long as it meets its milestones, has a contractual binding agreement from the government to move forward.”

What's the penalty if the US violates the contract?