These funds aim to develop semiconductor manufacturing on American soil.
The allocated funds will help Intel implement projects in Arizona, New Mexico, Ohio and Oregon. In addition, the company will be able to benefit from a 25 percent tax deduction for investments exceeding $100 billion.
Intel CEO Pat Gelsinger noted that these investments will advance technology, create tens of thousands of jobs and strengthen supply chains.
Thanks to the CHIPS Act, Intel continues to expand its capacity to produce cutting-edge chips critical to U.S. national security, including the Intel 3 and 18A.
Source: Ferra
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