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Intel to drive U.S. semiconductor leadership, lands $7.86B CHIPS act funding

Intel receives $7.86 billion from the CHIPS Act to enhance semiconductor manufacturing across key U.S. facilities, solidifying its role in national tech innovation. Coupled with workforce development and defense-focused initiatives, Intel’s efforts aim to revitalize America’s semiconductor industry. CEO Pat Gelsinger emphasized the significance of these investments in advancing Intel’s cutting-edge technologies and ensuring economic and national security.

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