America opened its mouth to take control of the world; Billions of dollars are flying in the air

According to the preliminary agreement reached with the Ministry of Commerce, the company will be able to receive direct financing of up to $ 8.5 billion from the government. This money belongs to the chip manufacturer ABDstate-of-the-art production facilities, especially for use in artificial intelligence and other advanced applications. technology It will go towards efforts to expand facilities designed to produce semiconductor chips.

The government’s investment is expected to support Intel projects in four states, including the construction of two new high-tech manufacturing facilities and the modernization of another in Chandler, Arizona, as well as the construction of two more factories in New Albany, Ohio.

America opened its mouth to take control of the world; Billions of dollars are flying in the air

This will also help Intel modernize its two existing factories in Rio Rancho, New Mexico and expand its facilities in Hillsboro, Oregon. The government’s $8.5 billion funding will help the company grow over the next five years.
ABD It will increase its $100 billion investment in manufacturing. If the company needs more money, it will be able to borrow up to $11 billion from the United States within the scope of the agreement.

Biden administration to encourage domestic semiconductor research and manufacturing and AmericaHoping to reduce companies’ dependence on Chinese suppliers
CHIPS and signed the Science Act into law in 2022. This is the administration’s fourth CHIPS investment and its largest ever. If you combine Intel’s own money with government funding, it’s ABD One of the largest publicly announced investments in semiconductor manufacturing. In February, the government also announced $1.5 billion in funding under the CHIPS Act to GlobalFoundries to help its AMD subsidiary build new factory facilities.