White House announces $20bn in grants, loans to boost Intel chip production
Washington, United States - The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology.President Joe Biden's decision to make the announcement during a trip to...
Lordstown sues Foxconn
The US-based electric vehicle startup also files for bankruptcy.Foxconn of Taiwan unveils more electric vehicle prototypes
The Taiwanese tech giant Foxconn has moved to diversify beyond electronics assembly and embraced the competitive but rapidly expanding EV business, unveiling three concept cars last year.
Intel to build two chip factories
The company will invest $20 bn, hire 3,000 new workers for the sites in Ohio.
