Intel gets billions in CHIPS Act grants

Intel AI Core Ultra
Translate from : Intel får milliarder i CHIPS Act-legater
Intel may receive an additional $11 billion. in loans from CHIPS and the Science Act. The money will strengthen America's technological leadership.

Intel could potentially receive an additional $11 billion in loans from the CHIPS and Science Act passed in 2022. President Joe Biden will announce the awards in Arizona on Wednesday. The money will help maintain "leading-edge semiconductors made in the United States" and ensure "America remains at the forefront of technology," Commerce Secretary Gina Raimondo said at a news conference.

Intel Chip Fab

Intel and the White House said their agreement is non-binding and subject to change for the time being. However, it is an exciting opportunity for Intel, which can use the additional funds to strengthen its position as one of the world's leading semiconductor manufacturers. Intel has been a pioneer in the semiconductor industry for years.

With these additional funds, they will have even more resources to continue their innovative work. The US government's support for Intel is also a clear sign of a renewed focus on strengthening and protecting the US semiconductor industry. This can help ensure that the United States remains a technological powerhouse in the future.

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