Commerce Department Proposes Nearly $20 Billion in Funding for Intel Semiconductor Chip Factories

In order to increase Intel’s semiconductor production and output, the U.S. Department of Commerce has proposed awarding up to$ 8.5 billion in grants and$ 11 billion in loans.
The proposed money, which stems from the CHIPS and Science Act of 2022, marks the government’s largest expense always in U. S. semiconductor production, according to older management officials.
In a press release, the Commerce Department said the agreement, which it referred to an a non- bound primary document of words, will ensure leading- top logic cards, which are essential to the world’s most advanced technology like artificial intelligence ( AI ) and building critical military features, may be developed and made in the United States….

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