The US awards Intel up to $7.865B under the CHIPS Act to help build or expand chip plants in Arizona, New Mexico, Ohio, and Oregon, including $1B+ later in 2024
Government grant is less than originally expected because the chip giant is also receiving separate funding for defense
Wall Street Journal Thomas Gryta
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Discussion
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@commercegov
@commercegov
on x
#NEWS: Today, 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. https://www.commerce.gov/…
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@mackhawk
Mackenzie Hawkins
on x
Intel has reached a final deal for a nearly $7.9b Chips Act grant & will get at least $1b of that this year The award is smaller than what was proposed in March (not bc of Intel's financial woes, but rather bc of a military chips deal) Free link &🧵: 1/ https://www.bloomberg.com/.…
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@govmikedewine
Governor Mike DeWine
on x
Today's announcement that Intel-Ohio is receiving CHIPS Act funding is a much-needed step forward in the important objective of making the most advanced computer chips in America. The DeWine-Husted Administration has never wavered in its pledge to bring these chip manufacturing
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@intelnews
@intelnews
on x
The U.S. Dept. of Commerce has awarded Intel $7.86B in funding under the U.S. CHIPS Act, supporting Intel's investment plans in Arizona, New Mexico, Ohio, and Oregon to expand American semiconductor manufacturing and technology leadership. Learn more. https://www.intel.com/...