President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup automaker struggled to become profitable.
Yeah, I'd be wanting to comment more on this...
Biden administration finalizes nearly $8B in CHIPS funding for Intel
thehill.com
... ntel will receive about $7.86 billion in funding from the CHIPS and Science Act to build new semiconductor manufacturing facilities across four states under its finalized agreement with the Biden administration.
The final award is over $600 million less than the $8.5 billion initially announced in March, after the chipmaker received a separate $3 billion contract with the government in September.
"The CHIPS for America program will supercharge American innovation and technology and make our country more secure " and Intel is playing an important role in the revitalization of the U.S. semiconductor industry through its unprecedented investments across Arizona, New Mexico, Ohio, and Oregon," Commerce Secretary Gina Raimondo said in a statement. ...
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