Intel has received up to $7.86 billion in CHIPS and Science Act direct funding from the Department of Commerce to support its semiconductor manufacturing and advanced packaging projects in Arizona, New Mexico, Ohio and Oregon.
The technology company said Tuesday it will also claim a 25 percent investment tax credit from the Department of the Treasury to further support its plans to invest more than $100 billion in the U.S. to broaden chipmaking and advanced packaging capacity critical to national and economic security.
“The CHIPS for America program will supercharge American technology and innovation and make our country more secure – and Intel is expected to play an important role in the revitalization of the U.S. semiconductor industry,” said Secretary of Commerce Gina Raimondo.
In September, Intel secured up to $3 billion in CHIPS funding to work with the Department of Defense to expand the production of secure semiconductors for the U.S. government as part of the Secure Enclave program.
Advancing Chip Manufacturing & Packaging Projects in 4 States
In Arizona, Intel is investing more than $32 billion to establish two chip factories and modernize an existing fab at its Ocotillo campus in Chandler to manufacture advanced logic chips. The company’s expansion plans in the state are on track with its plans to begin high-volume production of its Intel 18A process node in 2025.
In New Mexico, the tech company is investing over $4 billion to advance the production of its 3D packaging technology, called Foveros, and other advanced chip packaging capabilities.
The company is investing more than $28 billion to build two leading-edge chip factories in New Albany, Ohio, and plans to invest over $36 billion in Hillsboro, Oregon, to facilitate the delivery of Intel 18A and other process technologies beyond 2025.
“With Intel 3 already in high-volume production and Intel 18A set to follow next year, leading-edge semiconductors are once again being made on American soil,” said Intel CEO Pat Gelsinger.
“Strong bipartisan support for restoring American technology and manufacturing leadership is driving historic investments that are critical to the country’s long-term economic growth and national security. Intel is deeply committed to advancing these shared priorities as we further expand our U.S. operations over the next several years,” Gelsinger added.
