Ever since its passage in 2022, the CHIPS and Science Act – a signature reform of the Biden Administration that authorized $280 billion in new funding to improve the technological standing of the US, including $52.7 billion to bolster the R&D and manufacturing of semiconductors – has been largely stuck in the doldrums. However, this inertia changed dramatically today when the Biden Administration announced a literal funding flood for Intel, with awards for Samsung and TSMC expected to materialize in the coming weeks. To wit, as per the press release of the US Commerce Department, Intel has signed a non-binding […]
Read full article at https://wccftech.com/intel-gets-19-5-billion-in-federal-funding-and-loads-of-tax-credits-to-bolster-its-planned-100-billion-spending-spree-in-the-us/
