Well before President Joe Biden signed the CHIPS and Science Act into law back in August 2022, Intel has been a cornerstone of U.S. efforts to increase domestic chip manufacturing. This morning, the White House announced an agreement with the Department of Commerce that would deliver the silicon giant up to $8.5 billion to shore up U.S.-based production.
The CHIPS Act can be seen as a direct result of a number of pressing geopolitical issues. The first is the supply chain bottleneck that has been an ongoing issue since Asia was hit hard by the earliest days of the …
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