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The Independent UK
The Independent UK
National
Josh Boak

FOUND: Commerce dept issuing aid to build computer chip plants - What They Never Told You

Commerce Commerce Department Gina Raimondo
Copyright 2022 The Associated Press. All rights reserved.

The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production.

The funding is part of the CHIPS and Science Act, which President Joe Biden signed into law last August. Grants, loans and loan guarantees are meant to revive domestic production of computer chips.

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