US EditionUS finalizes $7.86 billion chips manufacturing award for Intel
- The Biden administration has finalized $7.9 billion in federal subsidies for Intel to build and modernize factories in Oregon and three other states.
- The funding supports Intel's investment of nearly $90 billion in U.S. semiconductor manufacturing by the decade's end.
- This award advances President Biden's CHIPS and Science Act to reshore manufacturing and create thousands of jobs.
113 Articles
113 Articles
Intel, Feds Reach Deal on $8 Billion in CHIPS Money | The Star News Network
by J.D. Davidson After delays and lobbying from business groups around the country, the U.S. Department of Commerce and Intel announced a deal Tuesday morning to release nearly $8 billion in direct CHIPS Act funding. The $7.86 billion directly impacts Intel’s commercial semiconductor manufacturing and advanced manufacturing projects in Ohio, Arizona, New Mexico and Oregon. Overall, the California-based company says its planned U.S. investments…
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Health Impact NewsU.S. Government Bails Out Failing Big Tech Companies for $BILLIONS
by Brian Shilhavy, Health Impact News: The U.S. Government just won’t let the Big Tech bubble burst, as it bailed out the EV Truck company Rivian today for $6.6 billion, and it bailed out computer chip manufacturer Intel for $7.9 billion also today. Rivian Stock Slips. How $6.6 Billion From Biden Can Reignite the EV […]
Joe Biden’s government announced Tuesday that it will award $7.9 billion to the Intel giant, consolidating part of its legacy by bringing semiconductor production to U.S. territory, shortly before Republican Donald Trump takes office. The investment announced by the Department of Commerce for Intel “would support both the manufacturing and advanced packaging of state-of-the-art chips through projects in (the states of) Arizona, New Mexico, Ohio …
Intel, Feds Reach Deal on $8 Billion in CHIPS Money – The Ohio Star
by J.D. Davidson After delays and lobbying from business groups around the country, the U.S. Department of Commerce and Intel announced a deal Tuesday morning to release nearly $8 billion in direct CHIPS Act funding. The $7.86 billion directly impacts Intel’s commercial semiconductor manufacturing and advanced manufacturing projects in Ohio, Arizona, New Mexico and Oregon. Overall, the California-based company says its planned U.S. investments…
Intel is investing 7.86 billion dollars in new factories in the USA, while the prestigious project in Magdeburg is on hold. Germany's economic situation and location conditions do not seem attractive to the Group — a setback for Scholz and Habeck.
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