President Biden announced a $19.5bn investment into Intel's chip production.

President Biden announced a $19.5bn investment into Intel's chip production, with $8.5bn in direct funding and $11bn in loans for plants in four states, including Arizona. The deal aims to increase the US's global share of advanced chip production from zero to 20%. Biden's move could benefit independent voters in Arizona, a crucial swing state, and boost his economy-focused policies ahead of the November elections.

March 20, 2024
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