On Tuesday, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded Intel Corporation up to $7.865 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities.

A 16-count indictment was unsealed Tuesday in federal court in Central Islip, N.Y. charging former Abercrombie & Fitch Co. (Abercrombie) Chief Executive Officer Michael Jeffries, 80, of West Palm Beach, Fla., along with Matthew Smith, 61, of West Palm Beach, Fla. and James Jacobson, 71, of Rice Lake, Wis. with sex trafficking and engaging in interstate prostitution.

Intel Corp. (INTC) and Amazon Web Services. Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), Monday announced a co-investment in custom chip designs under a multi-year, multi-billion-dollar framework covering product and wafers from Intel.

A Central Ohio man who founded and served as the superintendent of two Columbus charter schools pleaded guilty in U.S. District Court recently to conspiring to commit bank fraud.

On Wednesday, the Biden-Harris Administration announced that the U.S. Department of Commerce and Intel Corporation have reached a non-binding preliminary memorandum of terms (PMT) to provide up to $8.5 billion in direct funding under the CHIPS and Science Act to strengthen the U.S. supply chain and re-establish American leadership in semiconductor manufacturing. 

In New Albany Monday, two of Ohio’s congressmen joined Lt. Gov. Jon Husted to announce the expansion of Google’s footprint in the area. Between data centers in New Albany Columbus and Lancaster, the search giant plans to invest $1.7 billion this year in technical infrastructure in Ohio.

Google is adding two new data centers in Columbus and Lancaster, bringing the tech company’s total investment in Ohio to more than $2 billion.