Intel will reportedly be awarded as much as $8.5 billion in federal grants related to the CHIPS Act, with up to $11 billion more in potential loans available. The funds are expected to be used for manufacturing and research facilities in Arizona, New Mexico, Ohio, and Oregon. The agreement between the White House and Intel is reportedly nonbinding and preliminary, with the possibility to change.
Intel is set to receive up to $8.5 billion in federal grants under the CHIPS Act, with the potential for an additional $11 billion in loans. The funds will be used for manufacturing and research facilities in several states.
The agreement is nonbinding and preliminary.
Intel Federal Grants CHIPS Act Semiconductor Manufacturing Research Facilities
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