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Intel, White House announce new subsidies for now $28 billion New Albany chip plants

By Mark Williams


Intel has landed $8.5 billion in federal subsidies and is eligible for up to $11 billion in low-cost loans to help the semiconductor giant finance its $100 billion building spree across the country, including its project in New Albany that will become a regional cluster for U.S. chipmaking, the Biden administration and Intel announced Wednesday morning.

The preliminary award is the largest from the federal CHIPS and Science Act that was passed in 2022.


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