Intel Receives Up to $8.5 Billion in CHIPS Act Grants, Plus Billions in Available Loans
Intel has received funding of up to $8.5 billion from the CHIPS Act as part of the Biden administration’s push to strengthen semiconductor production in the United States. The funding supplements an $11 billion loan from the CHIPS and Science Act, which was approved in 2022. President Joe Biden announced these grants in Arizona, emphasizing…
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