Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option — leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Joe Biden stated on Wednesday that India, China, Russia, and Japan are struggling economically because "they're xenophobic" and "don't want immigrants". ​"Why.. IndiaTimes
A recent poll highlights the stark differences between supporters of President Joe Biden and former President Donald Trump, based on the media they consume. Join us as we delve into the impact of media preferences on political sentiment and explore how non-political news followers perceive the candidates. Stay tuned for insightful analysis and discussion on this revealing poll data.
#JoeBiden #DonaldTrump #BidenSupporters #TrumpSupporters #USElectionsPoll #USPresidentialElections #BidenvsTrump #USMedia #Oneindia
~PR.274~ED.103~GR.125~
Kamala Harris sat down with Drew Barrymore to stump for Joe Biden -- and there were some interesting takeaways ... including how she laughs, and a new nickname... TMZ.com
US President Biden reaffirmed opposition to Israel's planned invasion of Gaza's Rafah during a call with PM Netanyahu. International pressure mounts for a ceasefire amid concerns for over a million Palestinians. Qatar mediates, urging sincerity. Hamas releases videos, urging Israel's concessions. Biden urges enhanced humanitarian aid delivery.
#USPresident #JoeBiden #Gaza #GazaInvasion #Qatar #BenjaminNetanyahu #RafahInvasion #rafahnews #Worldnews #Oneinda #Oneindia news
~HT.99~PR.152~ED.101~
President Joe Biden put on his comedy hat at the White House Correspondents' Association's annual dinner Saturday – throwing a major barb at Donald Trump for.. TMZ.com
A Trump appointee serving on West Point’s advisory board has repeatedly spread a conspiracy that the Biden administration is bringing in non-White immigrants as part of a “grand plan” to have..
As another busy hurricane season approaches, the Biden Administration announced this week it’s doubling federal dollars to help communities prepare for extreme storms. And officials believe the..
Credit: FOX 4 Now Florida Duration: 02:25Published