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Article Summary
- The Biden administration is planning to cut a $39 billion subsidy for chip maker Intel's manufacturing expansion.
- This decision is causing concern among lawmakers and industry experts.
- Intel had previously announced plans to build new chip factories in the United States.
- The subsidy was part of a broader effort to increase domestic chip production and reduce reliance on foreign manufacturers.
- The Biden administration's move is seen as a setback for efforts to strengthen the domestic semiconductor industry. Tone: Critical and skeptical.
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There Will Be Attrition: Biden Admin To Slash Handout For Chip Maker In Blow To $39 Billion Manufacturing Push
'Not every single one of these facilities is going to come online'
https://dailycaller.com/2024/11/25/biden-admin-sla...
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