The Biden administration may announce billions in government CHIPS subsidies to offset the cost of Intel's US fab expansion as early as next week. Citing sources familiar with the matter, Reuters said US President Joe Biden and Commerce Secretary Gina Raimondo will unveil the multi-billion dollar funding package during an event at Intel's Arizona campus in Chandler. In the nearly three years since CEO Pat Gelsinger announced Intel would open its chip plants to contract manufacturing, the x86 gia...