President Biden announces billions for Arizona chipmaker Intel [Video]

TUCSON, Ariz. (13 News) – President Joe Biden made his way through Arizona Wednesday, announcing billions of dollars in investment.

The president’s announcement of billions of dollars in direct funding and loans for chipmaker Intel means thousands of manufacturing and construction jobs here and a boost for America’s semiconductor industry.

“There’s not a damn thing America can’t do if we set our mind to it!” Biden exclaimed to the crowd gathered on the Intel campus in Chandler.

More from J.D. Wallace

• Wildfire danger expected to be higher than normal this season
• Snow boosts Mount Lemmon ski season
• University Advisory Council forms as credit rating drops
• Charges filed against suspects from Tucson Stop Cop City protest
• Native Americans, conservationists take SunZia to court

Intel will get $8 1/2 billion in direct funding and another $11 billion in loans. It is part of the president’s plan through the CHIPS and Science Act to both reinvest in America and reduce dependence on other countries for semiconductors that power a variety of …