Economic Policy

Intel and the Biden Administration have finalized an agreement that will see Intel receive approximately $7.86 Billion from the CHIPS and Science Act to build new semiconductor manufacturing facilities in four states. The initial award of $8.5bn was announced in March. This award is over $600m lower. The chipmaker had previously won a contract with the government worth $3B … [Read more...] about Biden Administration Approves Nearly $8B in CHIPS Act Funding for Intel