Biden touts government investing $8.5 billion in Intel’s computer chip plants in 4 states

News Snapshot:

WASHINGTON (AP) — 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 four states, a cash infusion that the government says should help the U.S. boost its global share of advanced chip production from zero to 20%. President Joe Biden plans to talk up the investment on Wednesday as he visits Intel’s Ocotillo campus in Chandler, Arizona, which could be a decisive swing state in November’s election. The Democratic president has often said that not enough voters know about his economic...