Biden Touts $8.5 Billion Investment In Computer Chip Plants

42 weeks ago The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon. It's a cash infusion the government says should help the U.S. boost its global share of advanced chip production from zero to 20%. President Joe Biden plans to talk up the investment Wednesday as he visits California-based Intel Corp.’s facility in Chandler, Arizona, which could be a decisive swing state in November’s election. The Democratic president often says not enough voters know about his economic policies and they'd support him if they did.