Biden, Raimondo to Announce Major Intel Investment in Arizona

• Biden and Raimondo to announce multi-billion dollar grant for Intel to expand chip production in Arizona • Event planned for next week with Intel inviting customers and suppliers • Grant part of $52.7B CHIPS Act to boost domestic semiconductor manufacturing • Arizona a critical political swing state that Biden hopes to win in 2024 election • Intel previously announced plans for new facilities in Arizona and Ohio, seeking grants for both