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Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available - TL;DR CNBC

Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available

Publishing timestamp: 2024-03-20 12:33:47


Summary

Intel is set to receive up to $8.5 billion in funding from the federal government as part of the CHIPS Act, with the potential for an additional $11 billion in loans. This highlights the Biden administration's push to bring semiconductor manufacturing to the U.S. Intel plans to use the funds for fabs and research centers in various states, aiming to catch up in leading-edge manufacturing by 2026. Other companies like Nvidia, AMD, and TSMC are also expected to benefit from the CHIPS Act.


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Keywords: nvidia corpglobalfoundries incbusinessintel corpbreaking news: technologygovernment and politicsmobilejoe bidenapple incqualcomm incbusiness newsadvanced micro devices inctechnologytaiwan semiconductor manufacturing co ltdunited states

Source: https://www.cnbc.com/2024/03/20/intel-awarded-up-to-8point5-billion-from-chips-act-with-loans-available.html


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