Biden announces major semiconductor deal with Intel to invest in four states ...Middle East

President Biden on Thursday will tout an agreement with Intel to provide up to $8.5 billion to bolster semiconductor manufacturing and expand the company’s operations in four states, the latest major investment through the bipartisan CHIPS and Science Act. Biden will travel to Chandler, Ariz., where he will visit an Intel campus to tout the preliminary agreement, which would also provide $11 billion in loans under the CHIP and Science Act and includes millions to help develop Intel’s semiconductor and construction workforce.  The funding would support construction and expansion of intel facilities in Arizona, Ohio, New Mexico and Oregon and create nearly 30,000 jobs, White House off

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