Intel’s Ohio One construction site in Licking County. Credit: Intel Corporation.

The US Department of Commerce has awarded up to $7.86bn in direct funding to Intel to advance its commercial semiconductor manufacturing projects.

Allocated under the CHIPS and Science Act, the funding will support the development of the company’s semiconductor manufacturing facilities in Arizona, New Mexico, Ohio, and Oregon.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Intel has committed to invest more than $100bn by the end of the decade in chipmaking and advanced packaging capacity in the US.

US Secretary of Commerce Gina Raimondo said: “The CHIPS for America programme will supercharge American innovation and technology and make our country more secure – and Intel is playing an important role in the revitalisation of the US semiconductor industry through its unprecedented investments across Arizona, New Mexico, Ohio, and Oregon.

“Thanks to the leadership of President Biden and Vice President Harris, our CHIPS award is enabling Intel to drive one of the most significant semiconductor manufacturing expansions in US history.”

The latest funding is expected to create tens of thousands of jobs and reinforce US supply chains.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The award follows a preliminary terms agreement signed in March 2024, and the completion of the department’s due diligence.

However, the award is a reduction from the initial $8.5bn proposal as Intel received a separate $3bn award from the CHIPS and Science Act in September 2024 to develop a “Secure Enclave” for microelectronics.

Intel is also planning to claim the Treasury Investment Tax Credit, covering up to 25% of qualified investments exceeding $100bn.

Furthermore, Intel is collaborating with the Midwest Microelectronics Consortium as part of the CHIPS Act’s Microelectronics Commons initiative.

This partnership involves more than 30 MMEC members from various sectors and is focused on advancing domestic microelectronic technology to bolster the US-based supply chain.