[Breaking] US White House to Provide Intel with $8.5B Semiconductor Subsidy and $11B Loan Support
![[Breaking] US White House to Provide Intel with $8.5B Semiconductor Subsidy and $11B Loan Support](http://www.asiae.co.kr/news/img_view.htm?img=2024032014185511381_1710911935.jpg)
The U.S. government will provide Intel with approximately $20 billion (about 27 trillion won) in total funding, including a subsidy of about $8.5 billion (11.4 trillion won) under the Chips Act.
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According to major foreign media such as AFP on the 20th (local time), the White House stated in a press release that "the Department of Commerce has tentatively agreed to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans under the Chips Act."
This content was produced with the assistance of AI translation services.
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