President Biden to Announce Multi-Billion Dollar Grant for Intel Chip Expansion in Arizona
Intel's Expansion in Arizona
President Joe Biden, alongside Commerce Secretary Gina Raimondo, is gearing up to unveil a multimillion-dollar grant for Intel Corp's chip production expansion in the U.S. According to reports, the company has organized a special event in Arizona for this announcement, with customers and suppliers in attendance.
Domestic Chip Production Boost
This initiative underscores a marked effort to ramp up domestic chip manufacturing capabilities, potentially showcasing a pivotal moment for the U.S. tech industry. Intel's move to expand its operations in Arizona aligns with the broader industry trend of enhancing local production and supply chain resilience.
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