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The United States will allocate $7.86 billion to Intel for the development of the semiconductor industry

November, 26 2024

The administration of President Biden has approved the allocation of large funding to Intel in the amount of up to $7.86 billion. These funds, provided for by the Chips and Science Act, are aimed at supporting the development of the American semiconductor industry. The investment will be used to implement Intel's already planned production projects in Arizona, New Mexico, Ohio and Oregon.This funding complements Intel's previous $3 billion contract, which was awarded to the U.S. government to pr... Read More

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