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US President Joe Biden speaks at the Intel Ocotillo Campus in Chandler, Arizona

US President Joe Biden unveiled almost $20 billion in grants and online payday loans no credit check Wednesday for Intel’s domestic chip-making plants — his administration’s biggest investment yet in the sector as he takes on China’s chip dominance and sells his economic achievements over election rival Donald Trump.

Biden’s decision to make the announcement during a trip to Arizona underscores his strategy of highlighting legislative achievements in key battleground states ahead of November’s presidential rematch against Republican Trump.

“Unlike my predecessor, I was determined to turn things around to invest in America — all-American, all Americans. And that’s what we’ve been doing,” Biden said in a speech at the Intel Ocotillo Campus in Chandler, Arizona.

Biden said the investment in Intel facilities in four states — Arizona, Ohio, New Mexico and Oregon — would put the United States on track to manufacture 20 percent of the world’s leading-edge chips by the end of the decade.

He then took a further dig at Trump, saying that “my predecessor would let the future rebuild in China and other countries, not America, because it may be cheaper.”

Arizona, in the southwestern United States, was one of the tightest races of 2020, with Biden winning by just 10,457 votes — and the president will likely need to win it again in 2024.

The Democrat, 81, faces a tough reelection fight as he seeks to convince voters still skeptical about his economic record, despite strong recent growth and job creation data, persistently low unemployment, and slowing inflation.

The White House said the deal with Intel would provide up to $8.5 billion in direct funding along with $11 billion in online payday loans no credit check under the CHIPS and Science Act.

– ‘America’s comeback’ –

Intel CEO Pat Gelsinger (L) and Intel Factory Manager Hugh Green (R) watch as US President Joe Biden (C) looks at a semiconductor wafer during a tour at Intel Ocotillo Campus in Chandler, Arizona

The $8.5 billion is the largest of any grant made so far under the $52.7 billion 2022 legislation, US Commerce Secretary Gina Raimondo told reporters ahead of the announcement.

The money will help incentivize Intel to make more than $100 billion worth of investments, which will be one of the largest investments ever in US semiconductor manufacturing, she said.

“We rely on a very small number of factories in Asia for all of our most sophisticated chips. That’s untenable and unacceptable,” she said.

“It’s an economic security problem. It’s a national security problem. And we’re going to change that,” she added.

Intel also plans to claim the US Treasury Department’s Investment Tax online payday loans no credit check of up to 25 percent on some capital expenditures, according to the White House, which would significantly increase the amount of financial support it receives from the US government.

The tax online payday loans no credit check is linked to a separate Biden administration policy — also adopted in 2022 — called the Inflation Reduction Act.

“Intel’s investment is an exciting part of America’s comeback story, with leading edge semiconductor manufacturing coming back to America for the first time in 40 years,” Biden’s National Economic Advisor Lael Brainard told reporters on the same call.

The new funding will create 10,000 new manufacturing roles and 20,000 construction jobs, many of them unionized, Brainard said.

The White House estimates the investment will directly support at least 10,000 new jobs in both Arizona and Ohio. Some 3,000 roles in each state will be in manufacturing, and the remaining 7,000 will be in construction.

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By Stephen Nellis

SANTA CLARA, California, March 20 (Reuters) – Intel is planning a $100-billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and online payday loans no credit check – and hopes to secure another $25 billion in tax breaks.

The centerpiece of Intel’s five-year spending plan is turning empty fields near Columbus, Ohio, into what CEO Pat Gelsinger described to reporters on Tuesday as “the largest AI chip manufacturing site in the world”, starting as soon as 2027.

The U.S. government announced

the federal funds

to Intel under the CHIPS Act on Wednesday.

Intel’s plan will also involve revamping sites in New Mexico and Oregon and expanding operations in Arizona, where longtime rival Taiwan Semiconductor Manufacturing Co is also building a massive factory that it hopes will receive funding from President Joe Biden’s push to bring advanced semiconductor manufacturing back to the United States.

The funds provided by Biden’s plan for a broader chipmaking renaissance will go a long way to help Intel mend its wounded business model.

For decades, the firm led the world in making the fastest and smallest semiconductors, selling them at a premium price and plowing the profits back into more research and development to stay ahead of the pack.

But Intel lost that manufacturing edge in the 2010s to TSMC and its profit margins plummeted as it cut prices to keep market share with inferior products.

Gelsinger announced a plan in 2021 to return Intel to the online payday loans no credit check. 1 position, but he has said he will need government support to make the plan profitable.

With that assistance in hand, it is now time for Intel to spend.

Gelsinger said about 30% of the $100-billion plan will be spent on construction costs such as labor, piping and concrete. The remaining will go towards buying chipmaking tools from firms such as ASML, Tokyo Electron, Applied Materials and KLA, among others.

Those tools will help bring the Ohio site online payday loans no credit check by 2027 or 2028, though Gelsinger warned the timeline could slip if the chip market takes a dive. Beyond grants and online payday loans no credit check, Intel plans to make most of the purchases from its existing cash flows.

“It will still take three to five years for Intel to become a serious player in the foundry market” for cutting-edge chips, said Kinngai Chan, an analyst at Summit Insights.

However, he warned more investment would be needed before Intel could overtake TSMC, adding that the Taiwanese firm could remain the leader for “some time to come”.

Gelsinger has previously said a second round of U.S. funding for chip factories would likely be needed to re-establish the U.S. as a leader in semiconductor manufacturing, which he reiterated on Tuesday.

“It took us three-plus decades to lose this industry. It’s not going to come back in three to five years of CHIPS Act” funding, said Gelsinger, who referred to the low-interest-rate funding as “smart capital”.

But even with the federal backing, Intel needs to show that it can compete with its Taiwanese and Korean rivals sooner rather than later, said Ben Bajarin, CEO of analyst firm Creative Strategies.

“It will be important to know how much longer ‘smart capital’ is needed for Intel before they can stand on their own,” Bajarin said.

Overall, though, Intel would be the most important chipmaker for U.S. interests, even as rivals build in the country, said Jimmy Goodrich, semiconductor export and technology adviser to the RAND Corp.

“Only Intel has the workforce, technology, and supply chain that is largely U.S.-centric. So, while what TSMC and Samsung are doing here is important and should be welcomed, it’s also important to have a strong home team,” he said. (Reporting by Stephen Nellis in Santa Clara, California; Additional reporting by Zaheer Kachwala in Bengaluru; editing by Peter Henderson, Christian Schmollinger, Varun H K and Pooja Desai)

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SAVANNAH, Ga. (AP) – Georgia lawmakers gave final passage Thursday to a change in state law that would allow a private utility to provide water service for new homes near Hyundai’s upcoming electric vehicle plant without first getting permission from local governments.

The state Senate approved House Bill 1146 by a vote of 32-22 on the final day of the legislative session. The measure now goes to Republican Gov. Brian Kemp to be signed into law.

Hyundai broke ground in October 2022 on its first U.S. factory dedicated to producing EVs and the batteries that power them. It´s the largest economic development project in Georgia´s history, and construction has progressed quickly as the South Korean automaker seeks to begin manufacturing cars by the end of this year.

Supporters of the bill said the legislation is needed to accelerate home construction in Bryan County, where Hyundai plans to employ 8,500 workers at its $7.6 billion EV plant west of Savannah. They say the county’s water system can’t meet the area’s growing need for housing, loans with no credit check but local officials have been reluctant to give a private utility their consent to help provide service as the law currently requires.

“We have to find a way to meet an immediate need for workforce housing, and in order to get that done we need a private water option and a public water option,” said Sen. Max Burns, a Republican from Sylvania who supported the proposal.

Opponents argue that letting private utilities bypass city and county governments undermines their ability to manage limited water resources in Georgia´s rapidly growing coastal region. The Georgia Association of Water Professionals said it would also circumvent safe drinking water rules intended to protect Georgia consumers.

Sen. Frank Ginn, a Republican from Danielsville, said he opposed the change because it would allow private utilities to disrupt local planning for growth and development. Before serving in the legislature, Ginn worked as a city and county manager.

“As a local government guy and a guy who has built water systems, I know how difficult it makes it when a private water system comes in and cuts out a part of the county,” Ginn said.

Savannah-based Water Utility Management, a private company that supplies drinking water to 32,000 homes in 17 Georgia counties, pushed lawmakers to pass the bill. It would allow the company to bypass local governments that are unable to provide water for the same development project within 18 months.

Water Utility Management CEO Mark Smith told a Senate committee earlier this month that the measure would “prevent the county from having a veto power over a private system.”

Private utilities would still be required to obtain permits from the Georgia Environmental Protection Division. Their ability to bypass local governments is intended to be temporary and would lapse at the start of 2029.

It’s not just Bryan County that would be impacted. The bypass provision would apply to any projects seeking water from “coastal aquifers,” which the Georgia Association of Water Professionals says would include most of southern Georgia.

The association joined conservation groups in opposing the local government bypass, as did the Georgia Municipal Association and the Association County Commissioners of Georgia.

The bill’s chief sponsor, Republican Rep. Ron Stephens of Savannah, has said state-imposed limits on how much water Bryan County can withdraw from the Floridan aquifer, the region’s main source of drinking water, are slowing construction of new homes needed to accommodate Hyundai’s workforce.

Smith says Water Utility Management has the capacity to withdraw enough water to supply about 3,000 homes near the Hyundai plant, but has struggled to get approval from Bryan County.

In Bryan County, home to about 45,000 people, the county government is pursuing a $360 million expansion of its own water and sewer system to serve the plant and nearby homes. The expansion is expected to come online payday loans no credit check next year.

County officials appearing before a Senate committee earlier this month didn’t outright oppose the bypass bill. But the engineer overseeing the county´s water expansion, easy personal loans Trent Thompson, suggested a private utility would be an unwelcome competitor as the county seeks customers to help repay $120 million in online payday loans no credit check used to fund the project.

The battle over expanding water service in Bryan County stems from restrictions the Georgia Environmental Protection Division placed in 2013 on counties in the Savannah area that limit how much water they can withdraw from the Floridan aquifer. The caps were imposed after scientists concluded that excessive pumping was drawing saltwater into the aquifer.

Because of the restrictions on Bryan County, four wells are being drilled in neighboring Bulloch County to supply the Hyundai plant with up to 6.6 million gallons (25 million liters) of water daily.

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But recent surveys in the UK have exposed startling rates of period poverty in one of the world’s richest countries and sparked a national conversation.

With a contraceptive implant that made her bleed at least 25 days out of every 28, the problem was particularly acute for Krengel.

Related: Calculate how period poverty would impact you

Krengel rationed her menstrual products, wearing a single sanitary pad for up to 20 hours (instead of the recommended three or four), inserting a contraceptive diaphragm to catch the blood or simply free bleeding (using nothing at all).

Throwing away her old jeans later, she noticed that “all of them had this red stain running down the seam, because I would just be free bleeding at least two or three days every week.”

Like countless girls and women around the world who miss days of school or work every month because they can’t access the products they need, Krengel found herself spending more time at home, worried about going out.

Menstrual products and other toiletries in Krengel’s bathroom. Photo: Sarah Tilotta for CNN

‘The first thing under the bus’

At the time, Krengel, her partner and their two daughters — one of whom was just a few months old — were living in Norwich, a small city 100 miles northeast of London.

Switching between two different types of welfare, the family’s housing benefit was paused and they were told to reapply. But there was a months-long backlog: “We were left without any money to pay rent for a very long time,” Krengel recalls.

They turned to high-interest online payday loans no credit check loans and friends and family to keep food on the table and a roof over their heads.

When they had no money for food, Krengel’s brother-in-law did an online payday loans no credit check grocery shop. When her two-year-old daughter had no winter coat, Krengel’s sister went out and bought one.

But when she had no menstrual products, no one knew and so no one helped.

“Any time someone was offering to help us financially, I would say, ‘go buy something for the kids.'”

And it was often a choice between spending £1 ($1.30) on a packet of sanitary pads or putting food on the table, she says.

“You can make dinner for four people for £1,” she says. “That seemed so much more important than something that was only for me.”

Menstrual products are “the first thing that goes under the bus when you’re poor.”

‘Tip of the iceberg’

Ten percent of girls and women aged between 14 and 21 surveyed in 2017 by children’s charity Plan International UK said they had experienced being unable to afford sanitary products. Four in ten said they had used toilet paper because they had struggled to afford sanitary wear.

The research was triggered by media reports last March that some schoolgirls in Leeds, a city in northern England, were missing up to a week of school every month because they could not afford menstrual products. Others were regularly using tissue paper or socks instead of pads or tampons.

“We know of a few hundred cases (of girls unable to afford menstrual products),” says Sharon White, head of the UK’s School and Public Health Nurses Association. “But that’s the tip of the iceberg.”

And it’s a problem that can impact women of any age. Many UK food banks now offer non-food items such as menstrual products and the demand for them is growing significantly, explains Alison Inglis-Jones, trustee and volunteer at the Trussell Trust, which runs more than 420 food banks across the country.

A protest in London last December called for an end to period poverty in the UK. Photo: Judith Vonberg for CNN

“I’ve seen people coming in using newspaper, tissues or socks,” she says. “One woman was taking paper out of a public library and using that.”

“If you can’t afford food you can’t afford sanitary protection,” says Tina Leslie from Freedom4Girls, the charity that first flagged the issue among UK schoolgirls last year. “The problem is the same here as it is in Kenya.”

And poverty is on the rise in many more developed countries, partly due to a decade of spending cuts.

Current trends show that the long-term policy of austerity in the UK, largely implemented by Conservative-led governments of the last eight years, has impacted women more significantly than men — and women of menstruating age most of all.

According to the Equality and Human Rights Commission, many of them are mothers claiming child benefit and other forms of family welfare and therefore account for a big proportion of welfare payments — that means they are hardest hit when payouts are cut.

But for many girls and women globally, financial poverty is compounded by the stigma around menstruation that leads women to “hand off tampons to each other like we’re doing a drug deal,” as Krengel puts it.

“Two massively stigmatized experiences — menstruation and poverty — intersect to create this bizarre and horrible form of poverty,” she says.

She, like many others, believes both must be addressed simultaneously to have any long-lasting impact.

Tackling the taboo

Since Plan International released their UK study, long-running campaigns tackling the issue have been picking up more interest than ever before — and new ones have sprung up too.

A protest in central London last December was a watershed moment for those campaigns, marking the first time the issue hit mainstream headlines in the UK.

The rally outside Downing Street, the official residence of Prime Minister Theresa May, attracted celebrities including British models Daisy Lowe and Adwoa Aboah and hundreds of demonstrators, some sporting tampon jewelry and vagina-related paraphernalia.

Hundreds turned out in London last December to protest against period poverty. Photo: Judith Vonberg for CNN

Related: It’s time for women and girls to speak about their periods

Many protesters told CNN they were shocked to learn that period poverty was a UK problem.

“It’s disgraceful that our society’s even having this problem and disgraceful that we should feel ashamed for talking about it,” 18-year-old Suzie Murray said at the rally.

Chella Quint, who runs a campaign called Period Positive, encouraging shame-free conversations about menstruation, has only recently freed herself from that psychological trap.

“There were times when I couldn’t financially afford menstrual products and that was worrying, and there were other times when I couldn’t socially and culturally afford it, because I was afraid to say anything,” she says.

Not having loads of toys as a child “didn’t harm me forever I don’t think,” Quint explains. “But the embodied shame around feeling negative about periods — that definitely has.”

Rachel Krengel makes a similar point. “I think there’s a part of every menstruator on this planet who is still a 12-year-old who’s just spotted blood on their crotch and is so desperately ashamed of that.”

Demonstrators at the December protest in London. Photo: Judith Vonberg for CNN

‘It’s so easy to fix’

With so much attention currently focused on women’s issues and gender inequality, Krengel believes now is the time to push for change.

She wants to see free provision of menstrual products in all UK schools. By her calculation it would cost £11 ($14) per child per year.

“It’s so easy to fix,” she says. “It’s a nothing amount of money.”

A petition started by Krengel and other members of the London-based feminist activist group Fourth Wave is calling on British Prime Minister Theresa May to introduce free menstrual products in all UK schools. It has gathered more than 135,000 signatures to date.

Scotland is set to do just that. In August, the Scottish government set aside £5.2 million ($6.8 million) to provide free sanitary products in schools, colleges and universities across the country.

Wales has also set aside £1 million ($1.3 million) for a similar project.

Related: When pads are a luxury, getting your period means missing out on life

The UK’s Labour Party — the largest opposition party — has pledged to spend £10 million ($13 million) to provide free sanitary products in secondary schools, homeless shelters and food banks. Smaller parties, including the Liberal Democrats, the Green Party and the Women’s Equality Party, have made similar pledges.

In a debate in the House of Commons in June, Minister for Women Victoria Atkins said there was “no significant evidence” that period poverty was having an impact on school attendance.

“For (the government) to do something about it now would mean an acknowledgement that child poverty has soared over the last seven years,” Krengel says. “It would be an admission of what austerity has done to our society.”

Krengel with her daughters, Kitty, 9, (left) and Millie, 8. Photo: Sarah Tilotta for CNN

Along with free provision of pads or tampons, campaigners are calling for better education about periods in schools.

Krengel says that if these national conversations had been happening when she was struggling with period poverty in secret, it might have helped. She hopes people like her are feeling “a bit less alone now.”

Krengel, who no longer experiences period poverty herself, says that if these national conversations had been happening when she was struggling in secret, it might have helped. She hopes people like her are feeling “a bit less alone now.”

But while “not feeling alone is great, it has limited usefulness,” she says. “What we need is some actual change. We need some action.”

Clarification: This story has been updated to better reflect that activist Rachel Krengel no longer experiences period poverty herself and has organized a petition calling for free menstrual products in all UK schools.

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