President Biden speaks at Chandler Intel plant

Name: President Biden speaks at Chandler Intel plant
Uploaded: 2024-03-20T19:44:02Z
Duration: 17 min 2 s
Description: The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in four states, a cash infusion that the government says should help the U.S. boost its global share of advanced chip production from zero to 20%. President Biden spoke on the agreement at Intel’s Ocotillo campus in Chandler on March 20.

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in four states, a cash infusion that the government says should help the U.S. boost its global share of advanced chip production from zero to 20%. President Biden spoke on the agreement at Intel’s Ocotillo campus in Chandler on March 20.

Posted March 20, 2024 12:44pm MST