White House proposes up to $8.5B to fund Intel’s domestic chip manufacturing

This post is by Brian Heater from TechCrunch

Well before President Joe Biden signed the CHIPS and Science Act into law back in August 2022, Intel has been a cornerstone of U.S. efforts to increase domestic chip manufacturing. This morning, the White House announced an agreement with the Department of Commerce that would deliver the silicon giant up to $8.5 billion to shore […] © 2024 TechCrunch. All rights reserved. For personal use only.