The White House has announced a significant financial package aimed at bolstering Intel's chip production capabilities. The package, totaling nearly $20 billion, comprises loans and grants. This move is part of a broader strategy to enhance the United States' semiconductor manufacturing capacity and reduce its reliance on foreign sources, particularly China and Taiwan. The funding is expected to significantly impact the U.S. technology sector, strengthening its position in the global semiconductor industry.
Biden unveils almost $20 bn for Intel to boost US chip production https://t.co/RaZNZKiwS5
Intel receiving whopping $20B from Biden to boost US chip output and reduce reliance on China, Taiwan https://t.co/Xn2PPwHzXl https://t.co/ouJLi2KpqF
BREAKING: White House announces almost $20 bn in loans, grants to boost Intel chip production READ: https://t.co/SHSfwt37qM https://t.co/GStiIkifKY
BREAKING: White House announces almost $20 bn in loans, grants to boost Intel chip production https://t.co/SHSfwt37qM https://t.co/RE8W0CutUj
#BREAKING White House unveils almost $20 bn in loans, grants to boost Intel chip production https://t.co/pKM1QiXy5G