Intel to Receive $8.5 Billion in Grants to Build Chip Plants
Source: New York Times
President Biden plans to announce on Wednesday that his administration will award up to $8.5 billion in grants to Intel, a major investment to bolster the nation’s semiconductor production, during a tour of battleground states meant to sell his economic agenda.Mr. Biden is set to make the announcement during a visit to the Intel campus in the Phoenix suburb of Chandler, Ariz., White House officials said. The…
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