WASHINGTON/TAIPEI -- Intel will receive up to $8.5 billion in grants and $11 billion in loans from the U.S. government to produce cutting-edge semiconductors in the biggest deployment of funds under the CHIPS and Science Act.
Semiconductors
Intel to receive up to $8.5bn in U.S. CHIPS Act grant
Company will be 'biggest' recipient of subsidies, with TSMC likely to follow
Intel is expanding in Arizona, where Taiwanese rival TSMC is also investing to build an advanced chip plant. (Photo courtesy of Intel)
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