Get the latest tech news
Intel awarded almost $8 billion in bid to protect US chipmaking interests
The race to award the remaining CHIPS Act funding is on.
“Today’s award marks another key step in implementing President Biden’s CHIPS and Science Act and the Investing in America agenda to reshore manufacturing, create thousands of good-paying jobs, and strengthen our economy,” White House Deputy Chief of Staff Natalie Quillian said in the announcement. The confirmed CHIPS investment will be put towards building and expanding Intel’s semiconductor fabrication facilities in Arizona, New Mexico, Ohio, and Oregon, which is expected to create up to 30,000 job roles across all four states. We’ll likely see more announcements in the coming weeks as time is running short to dispense the remaining funds before the Trump administration takes office and makes good on its plans to walk back the CHIPS Act.
Or read this on The Verge
