When and why US commerce secretary Gina Raimondo told CEOs of Microsoft, Google and other US companies to buy chips from Intel
Intel, the largest recipient of US CHIPS Act funds, faces financial woes, raising concerns for the Biden administration. Despite a $100 billion investment pledge and substantial government support, Intel’s struggles with layoffs and project delays have alarmed officials. Commerce Secretary Gina Raimondo has urged tech leaders to prioritize US-made chips to revitalize the industry.