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TechRadar
Benedict Collins

Intel awarded billions by US government to ramp up chip production

An aerial of Intel Headquarters Santa Clara, CA taken on July 22, 2010.

The Biden-Harris administration has announced Intel could receive up to $8.5 billion in potential direct funding to ram up domestic production of semiconductors.

The US Department of Commerce has offered Intel a non-binding preliminary memorandum of terms (PMT) to provide the funding under the CHIPS and Science act.

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