Biden announces major deal with Intel to invest billions in 4 states


(The Hill) – President Biden on Thursday will tout an agreement with Intel to provide up to $8.5 billion to bolster semiconductor manufacturing and expand the company’s operations in four states, the latest major investment through the bipartisan CHIPS and Science Act.

It would also allow for construction of two sites in New Albany, Ohio, the modernization of two fabrication sites into advanced packaging facilities in Rio Rancho, N.M., and the expansion and modernization of facilities in Hillsboro, Ore.

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