Intel will get $8.5 billion in CHIPS Act funding to support its US manufacturing efforts image

Intel Secures $8.5 Billion in CHIPS Act Funding for US Manufacturing Support

Date: Mar 21, 2024

Category: Business


Intel has secured a significant funding boost from the US government through the CHIPS and Science Act. The preliminary agreement with the Department of Commerce could provide the company with up to $8.5 billion in direct funding to bolster its US manufacturing efforts. This move is set to significantly impact Intel's operations and the semiconductor industry as a whole. Read the source »

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