Intel will get $8.5 billion in CHIPS Act funding to support its US manufacturing efforts

United Kingdom News News

Intel will get $8.5 billion in CHIPS Act funding to support its US manufacturing efforts
United Kingdom Latest News,United Kingdom Headlines
  • 📰 engadget
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Mariella Moon has been a night editor for Engadget since 2013, covering everything from consumer technology and video games to strange little robots that could operate on the human body from the inside one day. She has a special affinity for space, its technologies and its mysteries, though, and has interviewed astronauts for Engadget.

. The company could get up to $8.5 billion in direct funding from the government, according to the preliminary agreement it has reached with the Department of Commerce. That money will go towards the chipmaker's efforts to expand its manufacturing facilities in the United States, particularly plants designed to make leading-edge semiconductor chips meant for use in AI and other advanced applications.

The government's investment is expected to support Intel projects across four states, including the construction of two new leading-edge logic fabrication facilities and the modernization of another one in. It will also help Intel modernize two existing fabs in Rio Rancho, New Mexico and expand its facilities in Hillsboro, Oregon. The government's $8.5 billion funding will augment the company's $100 billion investment in US manufacturing over the next five years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

engadget /  🏆 276. in US

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Intel’s military defense grant may take a bite out of CHIPS Act funding.Intel’s military defense grant may take a bite out of CHIPS Act funding.Intel was awarded a $3.5 billion grant to build chips for the US military as part of a spending bill President Biden signed last weekend, but now the Pentagon no longer wants to foot the bill, according to a report from Bloomberg.
Read more »

Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans availableIntel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans availableThe White House said on Wednesday that Intel has been awarded up to $8.5 billion as part of the CHIPS Act.
Read more »

Intel will bring a performance-improving feature to its chips one year ahead of TSMCIntel will bring a performance-improving feature to its chips one year ahead of TSMCAlan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 11 Pro Max, he has seen smartphones evolve into a global phenomenon.
Read more »

Nice try, Intel, but AMD 3D V-Cache chips still winNice try, Intel, but AMD 3D V-Cache chips still winIntel's Core i9-14900KS is the best that the lineup has to offer, but how does it match up against AMD's Ryzen 9 7950X3D?
Read more »

Everything we know about Lunar Lake, Intel’s big next-generation chipsEverything we know about Lunar Lake, Intel’s big next-generation chipsIntel's Lunar Lake is a mobile-first generation of energy efficient CPUs that may well launch before the end of 2024. Here's what we know so far.
Read more »

Samsung could get $6 billion in Chips Act incentivesSamsung could get $6 billion in Chips Act incentivesIn 2021, the South Korean company announced a $17 billion project in Taylor, Texas, near its existing semiconductor plant in Austin.
Read more »



Render Time: 2025-04-15 23:59:30