President Biden gives Intel more than 1 trillion yen in subsidies for semiconductor factory construction costs. President Biden, who is seeking re-election in the fall presidential election, appears to be aiming to emphasize his strong support for domestic manufacturing.
The subsidy will be used to cover the costs of building state-of-the-art semiconductor factories in states such as Arizona and Ohio. The company also anticipates that this investment will lead to the creation of approximately 30,000 jobs, according to the company.