Biden to Tout Government Investing $8.5 Billion in Intel's Computer Chip Plants in Four States  

FILE - President Joe Biden and Rep. Joyce Beatty, D-Ohio, center, listen as Intel CEO Pat Gelsinger speaks at the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, Sep. 9, 2022.

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon.