Senator Joni Ernst criticizes Commerce Secretary Gina Raimondo's plans to quickly spend remaining CHIPs and Science Act funding before President-elect Trump takes office, citing concerns about oversight and fiscal responsibility.
BlackRock CEO Larry Fink believes it will be difficult to reach 2% inflation due to various factors including fiscal stimulus and poor legal immigration policies.
Intel is set to receive up to $8.5 billion in federal grants and potentially $11 billion in loans under the CHIPS Act to support semiconductor manufacturing and research facilities in multiple U.S. states. The company aims to become a leading-edge manufacturer by 2026 and create thousands of jobs through facility construction and chip manufacturing.