Intel lobbied hard for chips money — and got a big payout
The Biden administration announced Wednesday it will provide Intel with subsidies, grants and tax credits in exchange for building new manufacturing and research facilities in the U.S. Combined, Intel’s haul could be worth as much as $44.5 billion. On POLITICO Tech, reporter Brendan Bordelon explains how the company lobbied its way to a big payday, and why President Joe Biden sees the deal as a political winner on the campaign trail.
Audio is streamed directly from the publisher (traffic.megaphone.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The Biden administration announced Wednesday it will provide Intel with subsidies, grants and tax credits in exchange for building new manufacturing and research facilities in the U.S. Combined, Intel’s haul could be worth as much as $44.5 billion. On POLITICO Tech, reporter Brendan Bordelon explains how the company lobbied its way to a big payday, and why President Joe Biden sees the deal as a political winner on the campaign trail.
Learn more about your ad choices. Visit megaphone.fm/adchoices