The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology. - Largest CHIPS funding announcement - Wednesday's $8.5 billion direct funding announcement is the largest of any grant made so far under the $52.7 billion 2022 CHIPS and Science Act, US Commerce Secretary Gina Raimondo told reporters ahead of the announcement. Read The Rest at :
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