President Biden to Announce Multi-Billion Dollar Grant for Intel Chip Expansion in Arizona

Thursday, 14 March 2024, 18:20

In an upcoming event in Arizona, President Biden and Commerce Secretary Gina Raimondo are expected to announce a substantial grant for Intel Corp to enhance chip production within the U.S. Intel's existing facilities in Arizona may see significant expansion as a result of this investment, with the company extending invitations to key stakeholders. The move signifies a strategic focus on bolstering domestic chip manufacturing capabilities and fostering collaboration in the industry.
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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.


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.


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