Biden to Announce Multibillion-Dollar Grant for Intel to Expand Chip Production
Source: New York Times
President Biden will issue a multibillion-dollar award to Intel on Wednesday to expand its chip production in the United States, people familiar with the decision said, as the president champions his economic policies during a tour of the Southwest.The announcement in Phoenix, Ariz., is a major award from Mr. Biden’s $39 billion CHIPS and Science Act, which is aimed at building up the U.S. semiconductor industry…
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