The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years
Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states
Financial Times
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Discussion
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@firstadopter
Tae Kim
on x
The $20 billion Intel headlines are weird. It's “up to” $8.5 billion in direct grants and “up to” $11 billion in loans. The $25 billion tax credit benefit is the interesting part. All of it so far non-binding and preliminary, subject to due diligence. https://www.barrons.com/...