Intel's $8.5B Chip Plant Sparks Hope and Concern in Chandler, Arizona

$8.5 billion Intel grant from CHIPS Act expected to create thousands of jobs in Chandler, Arizona and boost local economy
Jobs pay over $100k on average, many unionized, helping area that has struggled economically
Geostrategic aim is to boost domestic chip production and reduce reliance on Asia supply chains
Locals hope for spillover business but some worried about exacerbating inflation
Intel CEO calls CHIPS "most important industrial policy legislation since WW2," crucial for tech like EVs