"Biden's Multibillion-Dollar Grant Boosts Intel's Chip Production Expansion"
TL;DR Summary
President Biden is set to announce a multibillion-dollar grant for Intel to expand chip production in the United States as part of his efforts to strengthen the semiconductor industry and reduce reliance on technology from East Asia. The grant is part of the $39 billion CHIPS and Science Act and comes as Biden emphasizes his economic policies during a tour of the Southwest. The administration aims to accelerate semiconductor investments and prepare a workforce for manufacturing in states like Arizona and Texas.
- Biden to Announce Multibillion-Dollar Grant for Intel to Expand Chip Production The New York Times
- Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available CNBC
- Trump-backed Bernie Moreno wins Ohio’s GOP Senate primary The Associated Press
- Biden awards Chips Act funds to Intel in Phoenix The Washington Post
- Intel prepares for $100 billion spending spree across four US states Reuters
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