The Biden administration announced up to $8.5 billion in direct funding and $11 billion in loans this week for U.S. semiconductor producer Intel to expand production.

The Details: The deal positions the U.S. to increase its share of global chip production from around 12% today. Intel plans to grow its existing facilities and expects the funding to help create 30,000 jobs. The company will perform a multi-billion dollar expansion of its factory in Oregon, and will build two new plants and modernize an existing one in Arizona. Plants will also be established in Ohio, and Intel's plants in New Mexico will become advanced packaging facilities.

For Context: U.S. production of advanced semiconductors, otherwise known as computer chips, has faltered of late. In 2022, China accounted for 22% of the world's chip production capacity, ranking second behind U.S. ally South Korea. "The Americas" accounted for 8%. The investment also aims to bolster semiconductor advances in artificial intelligence (AI) and military systems.

How the Media Covered It: Sources across the spectrum framed the plan positively. Fox Business (Lean Right) highlighted optimistic remarks from Intel's CEO. NBC News (Lean Left) focused on the potential for thousands of new jobs at a local level.

Why the Similarity? The plan appeals to many people regardless of their politics. It will help create jobs, increase the U.S.'s global standing as a chip producer, and mitigate national security risks associated with relying on chips from other countries.