last measure in 2020. when we hear about that 20% goal, that is something that has been articulated pointedly by the congo secretary, gino mondo, and this is the information we are getting from intel, her department, the chips act, representing a huge many billion dollar investment in research of chips and development and manufacturing. what we re seeing today the announcement of a preliminary agreement with intel, the largest share of the chip act we have seen yet, up to $8.5 billion to go to new factories and expansion projects, specifically in four states, arizona, new mexico, oregon and ohio. the big goal is to reduce american chip making and to make american chip making and to make america the big global leader. yes. america the big global leader. yes, and that is the america the big global leader. yes, and that is the point, america the big global leader. yes, and that is the point, isn t it? it is such a key industry right around the world, but america wants to get
to the bbc s news at one. there was some welcome news for the economy today with a sharper than expected fall in inflation. the rate at which prices go up fell from four per cent to 3.4% in february. that s the lowest level in nearly two and a half years. the slower pace of food prices helped push inflation down but it is still some way off the bank of england s target rate of 2%. our chief economics correspondent, dharshini david, has this report. who doesn t want to nibble on a few treats, savour the first day of spring? but even the softest of creatures can come with a fierce bite. as customers at this farm shop in crewe know, lower inflation still means higher prices. in terms of car insurance, i ve just had my renewal through and it s actually doubled. sometimes ijust don t even like pay for my wi fi i because i call it so we ll have to go without. council tax, broadband, phone, everything s gone up significantly. carving up budgets is still a stretch for many, even if