President Biden Set to Unveil Multi-Billion-Dollar Intel Chips Grant in Arizona
Thursday, 14 March 2024, 18:20
President Biden to Announce Major Intel Chips Grant
President Joe Biden, along with Commerce Secretary Gina Raimondo, will reveal a multi-billion-dollar award for Intel Corp to enhance chip production in the U.S. Intel customers and suppliers are invited to the event held in Arizona.
Details of the Grant
- Intel Corp will receive a significant award to expand chip production
- Intel Chip Production Facilities in Arizona will be the focus of the grant
- Local Production efforts are expected to benefit from this development
This announcement is a part of the ongoing efforts to strengthen domestic chip manufacturing and promote technological advancements in the U.S. market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.