US counters China with $19.5B investment in Intel's chip factories
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In a historic move, the US Commerce Department is investing a staggering $19.5 billion in Intel to build and upgrade its semiconductor plants in four US states. This unprecedented deal, the largest of its kind in US chip manufacturing history, includes $8.5 billion in direct funding and potential loans of up to $11 billion. The investment is intended to accelerate the production of state-of-the-art logic chips, vital for advanced technologies such as artificial intelligence and military systems.