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The investment comes as part of the CHIPS and Science Act. Part of that money will go to the Intel campus in Chandler.CHANDLER, Ariz. — Manufacturing in Arizona is about to get a big boost. On Wednesday, the Biden administration announced that it will invest $8.5 billion into Intel facilities across the country.
The investment comes as part of the CHIPS and Science Act, and will award Intel $8.5 billion in direct funding with an additional $11 billion loaned to the company.While it's unclear how much money will be allocated to the Chandler campus, officials expect the investment to create around 9,000 new jobs in Arizona. Intel plans to start high-volume domestic production of Intel 18A — the company’s most advanced chip design — here in Arizona.
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