Intel's Chips Grant, California Vs. Tesla | Bloomberg Technology

Bloomberg's Caroline Hyde breaks down Intel's $7.9B chips grant from the Biden Administration and how it will boost US chip production. Plus, California proposes state incentives for EV buyers which would exclude Tesla models, and social media companies push back against new legislation in Australia that could limit teen usage.
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"Bloomberg Technology" is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.