Get the latest tech news

Intel Prepares For $100 Billion Spending Spree Across Four US States


After securing billions in federal grants and loans, Reuters reports that the company is "planning a $100-billion spending spree across four U.S. states" to build and expand its chip manufacturing factories. From the report: The centerpiece of Intel's five-year spending plan is turning empty fields...

After securing billions in federal grants and loans, Reuters reports that the company is " planning a $100-billion spending spree across four U.S. states" to build and expand its chip manufacturing factories. Intel's plan will also involve revamping sites in New Mexico and Oregon and expanding operations in Arizona, where longtime rival Taiwan Semiconductor Manufacturing Co is also building a massive factory that it hopes will receive funding from President Joe Biden's push to bring advanced semiconductor manufacturing back to the United States. "It will still take three to five years for Intel to become a serious player in the foundry market" for cutting-edge chips, said Kinngai Chan, an analyst at Summit Insights.

Get the Android app

Or read this on Slashdot

Read more on:

Photo of Intel

Intel

Photo of States

States

Photo of spending spree

spending spree

Related news:

News photo

Intel to Receive $8.5B in CHIPS Act Funding & Further Loans To Build US Fabs

News photo

Intel set to receive $8.5bn from US Gov in semiconductor drive

News photo

Intel Awarded Up To $8.5 Billion in CHIPS Act Grants, With Billions More in Loans Available