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Intel Gets $8.5 Billion Award For U.S. Chip-Plant Construction

·1 min

Government Grants Largest Amount Yet from Chips Act #

The government grant is the largest yet to come from the $53 billion Chips Act. This large grant reflects the government’s continued investment in the development of chip manufacturing and research. The funding will support various initiatives aimed at boosting chip production and innovation, with the goal of strengthening domestic chip production capabilities. This significant investment underscores the government’s recognition of the vital role that chips play in various sectors and the need to secure the country’s chip supply chain.