Biden calls Intel's $20B investment to build chip factories a tool for economic recovery
Summary by The Hill
President Biden on Friday commended Intel’s $20 billion investment to build chip factories as a tool for the U.S. economy to recover from the COVID-19 pandemic.
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The Hill
Biden calls Intel's $20B investment to build chip factories a tool for economic recovery
President Biden on Friday commended Intel’s $20 billion investment to build chip factories as a tool for the U.S. economy to recover from the COVID-19 pandemic.
White House Lauds Intel For $20 Billion Investment In Ohio Semiconductor Factories
Intel announced plans to bring two semiconductor chip factories to Ohio, winning praise from President Joe Biden’s White House for its choice. For the administration, Intel’s move is a first step in ramping up chip production at home amid a global shortage.
Biden Urges Congress to Pass Chips Bill as Global Shortage Persists
(Bloomberg) -- President Joe Biden praised Intel Corp. for plans to build a new semiconductor plant in Ohio and urged Congress to pass stalled legislation that would provide $52 billion for chip research and manufacturing in the U.S. amid a global shortage.Continue Reading. Read more on Business News by BloombergQuint.
US President Joe Biden welcomed semiconductor maker Intel's "historic" $20 billion plan to build new factories in Ohio, as a global chip shortage is fanning the surging inflation weighing heavily on his leadership. "This is a truly historic investment in America and American workers," Biden said at the White House, where he spoke alongside Intel's CEO. "This historic investment for Ohio, one of the largest investments in semiconductor manufactur…
Biden urges Congress to pass chips bill after Intel makes Ohio plant commitment
A lack of chips has caused production delays for consumer electronics and automobiles, and led to furloughs. The price for used cars, in large part due to a shortage of chips, continues to be a component of surging inflation.
