White House to give Intel $19.5 billion to boost US chip production

The video discusses the dependency on Taiwan for advanced chips and the supply chain issues highlighted by the COVID pandemic. President Biden announced a plan to bring chip manufacturing back to the US, with a significant investment from Intel. This initiative is expected to create thousands of jobs and is framed as crucial for national security. The announcement is part of Biden's broader agenda, which he is promoting ahead of the 2024 election. The plan aims to ensure that 20% of leading-edge chip production occurs in the US by the end of the decade.

What percentage of the most advanced chips are currently produced in Taiwan?

• 70%

• 50%

• 90%

• 100%

What is the total amount of funding and loans provided through the CHIPS and Science Act for the Intel agreement?

• $8.5 billion

• $20 billion

• $11 billion

• $19.5 billion

How many company jobs does Intel expect to create with the new investment?

• 15,000

• 5,000

• 20,000

• 10,000

Which state was highlighted as a battleground state during the announcement of the funding?

• Oregon

• Arizona

• New Mexico

• Ohio

What is the US's target for leading-edge chip production by the end of the decade?

• 10%

• 15%

• 25%

• 20%