Biden unveils almost USD 20 bn for Intel to boost US chip production, ET Auto
The USD 8.5 billion is the largest of any grant made so far under the USD 52.7 billion 2022 legislation, US Commerce Secretary Gina Raimondo told reporters ahead of the announcement.US President Joe Biden unveiled almost USD 20 billion in grants and loans Wednesday for Intel's domestic chip-making plants -- his administration's biggest investment yet in the sector as he takes on China's chip dominance and sells his economic achievements over election rival Donald Trump.…