"Intel Secures $8.5 Billion Investment for Chip Plants in Four States"
TL;DR Summary
The Biden administration has agreed to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico, and Oregon, aiming to create 30,000 jobs. This investment is part of the CHIPS Act, which seeks to bolster domestic semiconductor production and reduce reliance on overseas manufacturers. The move is seen as a strategic effort to boost U.S. manufacturing, create jobs, and address national security and economic risks associated with chip production.
- Biden administration to invest $8.5 billion in Intel's computer chip plants in four states CBS News
- Intel to Receive $8.5 Billion in Grants to Build Chip Plants The New York Times
- Biden makes biggest CHIPS announcement yet as he sells his economic wins to Arizona amid climate worries CNN
- Trump-backed Bernie Moreno wins Ohio’s GOP Senate primary The Associated Press
- Biden announces major semiconductor deal with Intel to invest in four states The Hill
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