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Intel set to receive $8.5bn from US Gov in semiconductor drive
Intel is set to receive up to $8.5 billion in direct funding from the U.S. Government to re-establish leadership in semiconductors.
The CHIPS money is expected to include investments in Chandler in Arizona, Rio Rancho in New Mexico, New Albany in Ohio, and Hillsboro in Oregon. “CHIPS Act support will help to ensure that Intel and the U.S. stay at the forefront of the AI era as we build a resilient and sustainable semiconductor supply chain to power our nation’s future.” Heading straight into a regional newsroom, after graduating with a BA (Hons) degree in Journalism, Sophie started by working for Reach PLC.
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