Nov, 2024 : Intel Secures $7.86 Billion in CHIPS Act Funding


Intel Secures $7.86 Billion in CHIPS Act Funding

📅 - Intel has secured a significant boost in funding from the U.S. Department of Commerce under the CHIPS and Science Act, amounting to $7.86 billion in direct support. This funding aims to advance the companyssemiconductormanufacturing and packaging capabilities across key facilities in Arizona, New Mexico, Ohio, and Oregon.

The funding underscores the U.S. government's determination to fortify domestic semiconductor production, crucial for both national security and economic resilience.

This grant is part of a broader initiative to rejuvenate the U.S. semiconductor sector. Intel, which has already pledged over $100 billion in U.S. investments, plans to further apply for a 25% investment [...][... Check source for end of article ...]
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