Intel in the crosshairs for billion dollar investment to secure military microchips

Intel has the potential to be selected to receive several billions dollars US government funding to produce microchips for military and intelligence application, new reports have claimed. According to the Wall Street Journal, the funds will assist in building a secure facility for the production of the microchips as a means to reduce imports from areas in East Asia under threat from Chinese espionage and invasion. The funding comes as part of the Chips Act, a $53 billion project to produce domestic electronics such as semiconductors and also enhance the research capabilities of the US. Tax credits in exchange for…