The Biden administration announced Wednesday it will provide Intel withsubsidies, grants and tax credits in exchange for building newmanufacturing and research facilities in the U.S. Combined, Intel’s haulcould be worth as much as $44.5 billion. On POLITICO Tech, reporterBrendan Bordelon explains how the company lobbied its way to a bigpayday, and why President Joe Biden sees the deal as a political winneron the campaign trail.
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