Intel awarded almost $8 billion in bid to protect US chipmaking interests
Illustration: Alex Castro / The Verge
The Biden administration is giving Intel $7.865 billion in CHIPS Act funding to boost domestic semiconductor manufacturing in the US. The agreement confirmed by the US Department of Commerce today is the largest award granted under the CHIPS Act to date, though notably smaller than the up to $8.5 billion earmarked for the chip maker in March.
“Today’s award marks another key step in implementing President Biden’s CHIPS and Science Act and the...
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