Biden administration finalizes nearly $8B in CHIPS funding for Intel ...Middle East

The Hill - Technology
Biden administration finalizes nearly $8B in CHIPS funding for Intel
source : The Hill ( Middle East ) () 75
Intel will receive about $7.86 billion in funding from the CHIPS and Science Act to build new semiconductor manufacturing facilities across four states under its finalized agreement with the Biden administration.  The final award is over $600 million less than the $8.5 billion initially announced in March, after the chipmaker received a separate $3 billion contract with the government in September.  “The CHIPS for America program will supercharge American innovation and technology and make our country more secure — and Intel is playing an important role in the revitalization of the U.S. semiconductor industry through its unprecedented investments across Arizona, New Mexico, Ohio, an

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