President Joe Biden is set to tout the government’s investment of $85 billion in Intel’s computer chip production, a move aimed at revitalizing America’s semiconductor industry and reducing reliance on foreign suppliers. The funding, part of the CHIPS and Science Act, will support Intel’s plans to construct a semiconductor fabrication facility in Ohio, creating thousands of jobs. This investment aligns with Biden’s economic agenda of boosting domestic manufacturing and supply chains for critical technologies. By bolstering chip production within the U.S., the administration aims to address supply chain vulnerabilities exposed during the pandemic and enhance national security. Intel’s CEO has praised the government’s commitment, stating it will help restore America’s semiconductor leadership. The White House views this as a crucial step towards ensuring the country’s technological edge and economic competitiveness in the global market.