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.