Mar 20, 2024

Business Desk

Intel secures $20 billion from US government for chip production


Biden announces grants and loans to boost US chip output.

Source: Wikipedia


Funding to construct new factories and modernise existing ones.

Source: Pexels


he initiative aims to reduce US dependency on foreign chip manufacturing.

Source: Pexels


Biden criticises Trump's policies and pledges to support domestic production.

Source: Pexels


Investments are part of a broader strategy to increase US semiconductor share.

Source: Pexels