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Intel Secures Record $20 Billion from U.S. CHIPS Act to Spearhead National Semiconductor Revival

In March 2024, Intel was awarded substantial financial support from the U.S. government under the "CHIPS and Science Act", receiving a combination of subsidies and loans amounting to nearly $20 billion. This support represents the largest allocation to a single semiconductor manufacturer since the enactment of the CHIPS Act, signaling a significant commitment by the U.S. to revitalize its domestic semiconductor industry.

Other major players in the semiconductor sector, including Micron Technology, TSMC, and Samsung Electronics, are also expected to receive support, albeit at lower levels than Intel. This strategic funding initiative is part of a broader U. . .

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