The massive CHIPS investment will support Intel's construction and expansion projects across four states and is also likely to create nearly 30,000 jobs.
The massive CHIPS investment will support Intel’s construction and expansion projects across four states and is also likely to create nearly 30,000 jobs.Intel CEO Pat Gelsinger with President Biden during the US president's visit to an Intel facility at Arizona for the deal.. The US Commerce Department has reached a preliminary agreement with Intel, paving the way for a massive investment in revitalizing domestic semiconductor manufacturing.
Arizona: Two new fabs in Chandler will produce chips based on Intel’s 18A process node. Additionally, two existing fabs in Rio Rancho will be retooled as packaging facilities.Oregon: Intel’s Hillsboro campus will undergo major expansion and modernization, including integrating advanced lithography tools from ASML.
US Commerce Secretary Gina Raimondo signs a plaque commemorating the CHIPS and Science Act during the visit to the Intel facility in Arizona.Intel is uniquely positioned as the only major US-based chipmaker with integrated design, R&D, and manufacturing capabilities. This grants its work significant national security ramifications. However, it’s key to note that the CHIPS Act funding applies solely to Intel’s commercial ventures.
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