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International Business Times
International Business Times
National
Jarin Noshin

Is Biden's $8.5B Chip Pact With Intel A Game-Changer for American Tech?

The Biden administration has inked a landmark deal with Intel, earmarking up to $8.5 billion in direct funding and an additional $11 billion in loans to bolster semiconductor manufacturing in the United States.

This strategic investment, facilitated through the Department of Commerce, underscores the government's commitment to revitalizing domestic chip production and strengthening national security.

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