Name: Intel Gets $8.5 Billion Grant From CHIPS Act
Uploaded: 2024-03-21T05:06:59.000Z
Description: As the election heats up, President Joe Biden doubles down on chip wars with China.

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As the election heats up, President Joe Biden doubles down on chip wars with China.

The administration announced an $8.5 billion grant to America’s largest chipmaker Intel on Wednesday. The tech giant would also get $11 billion in loans to expand its facilities in four states. President Biden made the announcement in Arizona, a key swing state. It’s part of his three-state tour to promote his signature policies—infrastructure, chips, and green energy.

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