White House Unveils $20 Billion Investment to Boost Intel Chip Production

Intel’s stock is on the rise following the company’s agreement to a non-binding preliminary memorandum of terms for potential federal grants totaling up to $8.5 billion and loans worth $11 billion under the CHIPS and Science Act. This move aims to bolster U.S. chip production. White House has revealed nearly $20 billion in loans and … Continue reading White House Unveils $20 Billion Investment to Boost Intel Chip Production