News Snapshot:
The Biden administration on Wednesday said it is awarding Intel nearly $20 billion in grants and loans as part of the CHIPS Act, supercharging the company’s domestic semiconductor output and marking the government’s largest outlay to subsidize leading-edge chip production. President Joe Biden will announce the preliminary agreement for $8.5 billion in grants and up to $11 billion in loans for Intel in Arizona, where some of the funding will be used to build two new factories and modernize an existing one. Commerce Department Secretary Gina Raimondo called it a huge deal and one of the largest investments ever in...
News Timeline:
Track the development of related news across the Internet.
March 20, 2024
20:46
Biden touts government investing $8.5 billion in Intel’s computer chip plants in 4 states
Source: apnews.com
March 20, 2024
19:20
Biden to tout government investing $8.5B in Intel’s computer chip plants in four states
Source: nbcnews.com
March 20, 2024
19:08
Biden administration to invest $8.5 billion in Intel’s computer chip plants in four states
Source: cbsnews.com
March 20, 2024
16:46
Biden to tout government investing $8.5 billion in Intel’s computer chip plants in four states
Source: clickondetroit.com
February 19, 2024
23:01
US considering more than $10 billion in subsidies for Intel as part of CHIPS act to secure domestic semiconductor manufacturing
Source: techradar.com
February 19, 2024
22:58
Largest US semiconductor maker snags $1.5B from stalled Chips Act for plants in NY, Vermont
Source: nypost.com
February 19, 2024
22:25
Biden provides chip maker with $1.5 billion to expand production in New York, Vermont
Source: cbsnews.com
February 10, 2024
00:05
Chip stocks rise as Biden unveils $5B CHIPs Act plan to establish R&D consortium
Source: seekingalpha.com
December 11, 2023
19:06
U.S. plans $35-million award to BAE Systems to boost chip supply for F-35s
Source: theglobeandmail.com
