March 21, 2024Business 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