Intel Secures $7.86 Billion for U.S. Semiconductor Manufacturing

Intel receives up to $7.86 billion in funding to boost U.S. semiconductor manufacturing. The U.S. Department of Commerce has awarded Intel significant funding through the CHIPS and Science Act to enhance semiconductor manufacturing and advanced packaging across several states, including Arizona, New Mexico, Ohio, and Oregon. This funding is part of Intel’s broader plan to invest over $100 billion in the U.S., which is expected to create more than 10,000 direct jobs and tens of thousands of indirect jobs. Additionally, Intel will benefit from a 25% investment tax credit, further supporting its initiatives to strengthen the domestic semiconductor supply chain and ensure national security. The company aims to lead in advanced chip manufacturing while also investing in workforce development and childcare support for its employees.