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Biden Team Races to Deliver Chip Grants Before Trump Takes Over

X

XYang2023

Well-known member

Government officials and chip makers like Intel are in talks over billions of dollars aimed at growing domestic manufacturing​


U.S. officials are racing to deliver billions of dollars of promised manufacturing grants to Intel and others to complete a significant portion of a favored program of President Biden before he leaves office.

The Commerce Department has provisionally awarded most of the $39 billion of grant money allocated under 2022’s Chips Act to re-energize U.S. chip production. But nearly $30 billion of that is tied up in complex government negotiations, leaving those deals in limbo as a new administration prepares to take over.

 
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