President Biden will issue a multibillion-dollar award to Intel on Wednesday to expand its chip production in the United States, people familiar with the decision said, as the president champions his economic policies during a tour of the Southwest.
The announcement in Phoenix, Ariz., is a major award from Mr. Biden’s $39 billion CHIPS and Science Act, which is aimed at building up the U.S. semiconductor industry and reducing reliance on technology made in East Asia.
Mr. Biden has made expanding the production of the chips, which are used in all types of…
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