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US finalizes $7.86 billion chips manufacturing award for Intel

  • The Biden administration has finalized $7.9 billion in federal subsidies for Intel to build and modernize factories in Oregon and three other states.
  • The funding supports Intel's investment of nearly $90 billion in U.S. Semiconductor manufacturing by the decade's end.
  • This award advances President Biden's CHIPS and Science Act to reshore manufacturing and create thousands of jobs.
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