NTD Business (March 21): US Invests Billions in Domestic Chip Production; DOJ Poised to Sue Apple: Report

Don Ma
By Don Ma
March 21, 2024NTD Business
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The United States is investing in domestic chip manufacturing after the pandemic revealed a deep dependence on chips made in Asia. On March 21, the Biden administration said that Intel would receive nearly $20 billion in grants and loans, supercharging the company’s domestic semiconductor chip output and marking the government’s largest outlay to subsidize leading-edge chip production.