"Strong bipartisan support for restoring American technology and manufacturing leadership is driving historic investments that are critical to the country's long-term economic growth and national security," added Intel CEO Pat Gelsinger.
US Secretary of Commerce Gina Raimondo said in a press release that Intel's investments across Arizona, New Mexico, Ohio, and Oregon would 'supercharge American innovation' and that the company is playing an important part in the 'revitalization' of the semiconductor industry in the US.
Intel is receiving about $7.9 billion in federal grants, the US Department of Commerce said Tuesday, as the Biden administration finalizes CHIPS Act agreements ahead of Donald Trump taking office.
The chip giant is on track to receive at least $1 billion of the total grant award before the end of this year, a senior administration official told Bloomberg.
Collection
[
|
...
]