Biden calls Intel's $20B investment to build chip factories a tool for economic recovery

Summary
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.
4 months ago·Washington, United States

News Articles

IBTimes

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.

4 months ago·United States
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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.

4 months ago·Washington, United States
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Bloomberg Quint

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.

4 months ago
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NBC News

Biden uses $20 billion Intel Ohio investment to push Congress to pass chip bill

The bill, which would provide $52 billion to the chip industry, has stalled in the House after passing in the Senate last year.

4 months ago·United States
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Automotive News

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.

4 months ago·United States
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Deccan Herald

Biden hails 'historic' Intel chip factory investment

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…

4 months ago
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Bias Distribution

50% of the sources are Center
NBC News
Deccan Herald
The White House
IBTimes
The Hill
Automotive News
Wavy
WKRC
L 38%
C 49%
13%
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