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US President Biden rejects Intel plan to up chip production in China

Intel, the world’s largest chipmaker, has proposed using a factory in Chengdu, China, to manufacture silicon wafers. When presented with the plan in recent weeks, Biden administration officials strongly discouraged the move.

“Intel and the Biden administration share a goal to address the ongoing industry-wide shortage of microchips, and we have explored a number of approaches with the US government,” the company said.