Why US’ Raimondo told CEOs of other companies to buy chips from Intel TOI TECH DESK — Times of India

Intel, the largest recipient of US CHIPS Act funds, faces financial woes, raising concerns for the Biden administration. Despite a $100 billion investment pledge and substantial government support, Intel’s struggles with layoffs and project delays have alarmed officials. Commerce Secretary Gina Raimondo has urged tech leaders to prioritize US-made chips to revitalize the industry.Intel, the largest recipient of US CHIPS Act funds, faces financial woes, raising concerns for the Biden administration. Despite a $100 billion investment pledge and substantial government support, Intel’s struggles with layoffs and project delays have alarmed officials. Commerce Secretary Gina Raimondo has urged tech leaders to prioritize US-made chips to revitalize the industry. …Read More