Biden’s $8 Billion Gift to Intel

Why is the U.S. government giving billions of dollars to a floundering company?

Image Credit: Gage Skidmore from Peoria, AZ, United States of America | CC BY-SA 2.0, via Wikimedia Commons

Following numerous delays and years of lobbying, the Commerce Department last month finally awarded Intel $8 billion in direct funding to expand chip manufacturing operations in Arizona, New Mexico, Ohio, and Oregon.

A week later, CEO Pat Gelsinger abruptly resigned.

The event marked a strange end to a cornerstone of the CHIPS and Science Act, one of President Joe Biden’s signature pieces of legislation.

READ THIS ARTICLE AT THE WASHINGTON EXAMINER