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Intel and Biden Admin Announce up to $8.5 Billion in Direct …
WEBMar 20, 2024 · Intel and Biden Admin Announce up to $8.5 Billion in Direct Funding Under the CHIPS Act. Proposed funding, coupled with an investment tax credit and eligibility for CHIPS Act loans, would help Intel advance American semiconductor manufacturing and technology leadership in the AI era.
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US CHIPS Act Funding for Intel
WEBOn March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites ...
Intel Celebrates CHIPS and Science Act Direct Funding …
WEBMar 20, 2024 · The proposed funding will support new construction, expansion and tool modernization at Intel’s U.S.-based sites in Arizona, New Mexico, Ohio and Oregon, enabling the company to produce the world’s most advanced chips by 2025.
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WEB• In May 2021, Intel announced a $3.5 billion investment in New Mexico for advanced packaging facilities. • Intel has also announced plans to invest $60-$100 billion over 10 years at a new fabrication hub within the U.S., contingent on funding for the CHIPS Act. Intel employs more than 53,000 people at U.S.-based innovation hubs in Oregon,
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US Semiconductor Manufacturing | CHIPS and Science Act | Intel®
WEBThe passage of the CHIPS and Science Act shined a spotlight on the critical need to invest in U.S. domestic semiconductor manufacturing. Powered by the promises of the CHIPS Act, Intel is investing more than $100 billion to increase domestic chip manufacturing capacity and capabilities.
Intel Statement on CHIPS and Science Act Signing
WEBAugust 9, 2022. Contact Intel PR. More Corporate News. Intel CEO Pat Gelsinger released the following statement after attending the ceremony at which President Joe Biden signed into law the U.S. CHIPS and Science Act: “We are thrilled to see funding for the CHIPS Act enacted into law.
The US CHIPS Act: Why Intel Supports It
WEBJun 8, 2022 · As the world comes to grips with chip shortages due to supply chain disruptions and ripple-effects from the global pandemic, Intel’s leaders are urging Congress to fund the CHIPS for America Act to create a more stable future for the U.S. tech industry.
Intel Introduces First-of-its-Kind Semiconductor Co-Investment …
WEBAug 23, 2022 · Intel signs agreement with Brookfield to jointly invest up to $30 billion in leading-edge chip factories in Arizona. SANTA CLARA, Calif., Aug. 23, 2022 – Intel Corporation today announced a first-of-its-kind Semiconductor Co-Investment Program (SCIP) that introduces a new funding model to the capital-intensive semiconductor …
The CHIPS for America Act is a Blueprint for ... - Intel Communities
WEBMar 23, 2022 · This act includes $52 billion for CHIPS Act funding and is the House’s version of the United States Innovation and Competition Act (USICA), which passed the Senate in June 2021 and also included the $52 billion in funding for the CHIPS Act. There is bipartisan support for this funding, and Congress needs to reconcile the differences in …
WEBIn Ohio, Intel is investing more than $28 billion to construct two new leading-edge chip factories in New Albany. Intel will receive up to $8.5 billion in direct funding from the U.S. Department of Commerce under the U.S. CHIPS.
Intel Breaks Ground in the Silicon Heartland
WEBSep 9, 2022 · The eight leading institutions will receive $17.7 million in funding over three years as part of Intel’s $50 million commitment to Ohio higher education institutions over the next decade. This collaborative program will enable higher education institutions to address semiconductor manufacturing workforce shortages and technical challenges ...
Intel Invests in Ohio
WEBA rendering shows plans for two new leading-edge Intel processor factories in Licking County, Ohio. Announced in January 2022, the $20 billion project spans nearly 1,000 acres and is the largest single private-sector investment in Ohio history. (Credit: Intel Corporation)
Intel Breaks Ground in Arizona
WEBIntel’s Arizona Expansion Marks Construction Milestone. At the start of their shift in September 2023, workers arrive at the Intel chip factory job site in Chandler, Arizona. An estimated 6,000 construction workers are needed to build an Intel chip fab, a project that typically takes approximately 3 to 5 years.
US Competitiveness is at Stake for Chip Manufacturing - Intel
WEBOct 1, 2021 · A single, advanced manufacturing facility can cost upwards of $10 billion to build and operate in the U.S. Fully funding the grant program established in the CHIPS Act will encourage future domestic investment by helping American manufacturing companies compete with heavily subsidized foreign companies.
Intel Statement on Passage of CHIPS Act Funding
WEBIntel CEO Pat Gelsinger released the following statement after passage of funding for the U.S. CHIPS for America Act: "I congratulate Congress on voting to approve funding for the CHIPS Act. This is a critical step to support the entire U.S. semiconductor industry and to help ensure continued American leadership in semiconductor manufacturing ...
Intel Breaks Ground on Two New Leading-Edge Chip Factories in …
WEBSep 24, 2021 · The construction of two new computer chip factories is a $20 billion project that will bolster U.S. semiconductor leadership and help bring geographical balance to the global supply chain. (Credit: Intel Corporation) Intel CEO Pat Gelsinger signals to the crowd from earth-moving equipment in Chandler, Arizona, on Friday, Sept. 24, 2021, for a ...
Intel Announces Next US Site with Landmark Investment in Ohio
WEBJan 21, 2022 · A rendering shows early plans for two new leading-edge Intel processor factories in Licking County, Ohio. Announced on Jan. 21, 2022, the $20 billion project spans nearly 1,000 acres and is the largest single private-sector investment in Ohio history. Construction is expected to begin in late 2022, with production coming online at the end …
Intel Launches $1 Billion Fund to Build a Foundry Innovation …
WEBFeb 7, 2022 · A collaboration between Intel Capital and Intel Foundry Services (IFS), the fund will prioritize investments in capabilities that accelerate foundry customers’ time to market – spanning intellectual property (IP), software tools, innovative chip architectures and advanced packaging technologies. Intel also announced partnerships with ...
Intel Wins US Government Project to Develop Leading-Edge …
WEBAug 23, 2021 · What’s New: The U.S. Department of Defense, through the NSTXL consortium-based S2MARTS OTA, has awarded Intel an agreement to provide commercial foundry services in the first phase of its multi-phase Rapid Assured Microelectronics Prototypes - Commercial (RAMP-C) program.
Intel Invests $100M in Ohio and National Semiconductor …
WEBMar 17, 2022 · An additional $50 million from Intel will be matched by $50 million from the U.S. National Science Foundation in national funding opportunities. Intel’s education financing is part of the company’s recent announcement that it would invest more than $20 billion to construct two new leading-edge chip factories in Ohio.
Intel Plans Investments in Europe
WEBAnnounced in March 2022, the 17 billion euro project will deliver computer chips using Intel's most advanced transistor technologies. Construction is expected to begin in the first half of 2023, with production coming online at the end of 2027.
US Department of Defense Selects Intel Foundry for Phase Three …
WEBSANTA CLARA, Calif., April 22, 2024 – The U.S. Department of Defense (DoD) has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes - Commercial (RAMP-C) program. The award was announced through the National Security Technology Accelerator’s (NSTXL) consortium-based Strategic and Spectrum Missions …
Intel Announces Initial Investment of Over €33 Billion for R&D and...
WEBMar 15, 2022 · A rendering shows early plans for two new Intel processor factories in Magdeburg, Germany. Announced in March 2022, the 17 billion euro project will deliver computer chips using Intel's most advanced transistor technologies. Construction is expected to begin in the first half of 2023, with production coming online at the end of 2027.
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