Biden deal with Intel to boost chip production stresses U.S. leadership on AI

The Biden administration has announced a major agreement with computer company Intel to provide nearly $20 billion in funds and loans to build out semiconductor and chip production capacities, with the goal of boosting U.S. leadership on the development of artificial intelligence technologies.

“The announcement will support the construction and expansion of Intel facilities in Arizona, Ohio, New Mexico, and Oregon, creating nearly 30,000 jobs and supporting tens of thousands of indirect jobs,” says a March 20 White House...