Biden Administration Negotiates $10 Billion Subsidy for Intel to boost domestic Semiconductor production

In a concerted effort to bolster domestic semiconductor production, the Biden administration is engaged in discussions to allocate over $10 billion in subsidies to Intel Corp, a move motivated by the industry’s escalating significance in powering critical technologies across various sectors. This development, reported by Bloomberg News on Friday, reflects a strategic maneuver aimed at … Continue reading Biden Administration Negotiates $10 Billion Subsidy for Intel to boost domestic Semiconductor production