"Pentagon Withdraws $2.5B Intel Defense Chips Grant, Biden to Announce New Plan in Arizona"
TL;DR
President Biden and Commerce Secretary Raimondo are set to announce a multi-billion-dollar grant for Intel Corp to expand chip production in Arizona next week, as part of the U.S. CHIPS Act's efforts to boost domestic semiconductor production. Intel, with facilities in Arizona, has invited stakeholders to the event, and the U.S. government has been working to increase domestic semiconductor production through substantial funding.
Topics:businesstechnology#arizona#intel-corp#joe-biden#semiconductor-production#technology#us-chips-act
- Biden to announce Intel chips grant in Arizona next week, sources say Yahoo Finance
- Intel Shares Fall on Report That Pentagon Withdrew $2.5B Chip Grant Investopedia
- Pentagon Scraps $2.5B Grant to Intel (NASDAQ:INTC) - TipRanks.com TipRanks
- Pentagon said to have pulled $2.5B Intel defense chips grant The Register
- Pentagon pulls out of Intel's $3.5 billion CHIPS Act grant, expects Commerce Department to foot the bill Tom's Hardware
Want the full story? Read the original reporting
Read on Yahoo Finance