The semiconductor firm has promised a massive $20 billion expansion to ramp up and modernize its chipmaking business.
CHANDLER, Ariz. — First lady Jill Biden promoted her husband’s economic agenda during a stop in Arizona.The Biden administration has built a close relationship with Intel amid a global shortage of microchips that has slowed production and raised prices for a variety of goods, including cars.
Rising prices look to be a major liability for the president and Democrats in the midterm elections later this year.
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