Biden Hails $20 Billion for Intel, Says Trump Lost Jobs to China

March 21, 2024

Biden trails Trump in several crucial states, including Arizona, as voters remain skeptical of the president’s handling of the economy. The president said Wednesday’s announcement would support 10,000 manufacturing jobs, including 3,000 in Phoenix. $100 Billion InvestmentIntel is the first company to land a preliminary funding deal from the Chips Act for advanced manufacturing facilities. Taiwan Semiconductor Manufacturing Co., the world’s leading chipmaker, is investing $40 billion to build two fabrication facilities in the state. The company is in line to receive more than $5 billion in federal grants to support its work there.