Intel Secures $7.86B CHIPS Act Award to Bolster U.S. Semiconductor Leadership
Slice of Manufacturing Team
12/03/2024
Key Highlights:
- Intel awarded up to $7.86 billion under the U.S. CHIPS and Science Act for semiconductor manufacturing projects.
- Investment spans Arizona, New Mexico, Ohio, and Oregon, enhancing U.S.-based chipmaking capabilities.
- Intel to claim 25% Investment Tax Credit for qualified investments exceeding $100 billion.
- $65 million allocated to workforce development, including $56 million for training and $5 million for childcare initiatives.
- Partnership with Midwest Microelectronics Consortium (MMEC) to strengthen U.S. supply chains and R&D.
Source: Direct
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