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PHOENIX — President Biden is set to announce a deal with Intel that will give the chipmaker up to $8.5 billion in grants and another $11 billion in loans to build semiconductor plants in four states — the biggest announcement to date in his push to bring chips manufacturing back to America.
President Biden plans to announce on Wednesday that his administration will award up to $8.5 billion in grants to Intel, a major investment to bolster the nation’s semiconductor production, during a tour of battleground states meant to sell his economic agenda.
President Biden will issue a multibillion-dollar award to Intel on Wednesday to expand its chip production in the United States, people familiar with the decision said, as the president champions his economic policies during a tour of the Southwest.
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Russia and China are seeking to undermine America’s image in the world and aggravate divisions in U.S. society, with artificial intelligence offering both regimes new tools to interfere in American politics and elections, according to U.S. intelligence agencies.
Former FBI informant Alexander Smirnov, who was charged with providing false claims about Joe Biden and his son Hunter Biden during the 2020 presidential campaign to the bureau, was ordered detained until trial at a hearing in Los Angeles on Monday.
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