The Semiconductor Giant Intel Corporation has already received 2.2 billion US dollars in federal ceremony from the US Ministry of Trade via the US CHIPS and Science Act.
Dave Zinsner, Co-Interim CEO of Intel, Executive Vice President and CFO, said that the corporate based in Silicon Valley had the primary tranche of $ 1.1 billion in federal grants at the top of 2024 and an extra 1.1 billion in January 2025 Received US dollars.
These grants are based on the achievement of certain milestones, added interest. Another 5.66 billion US dollars still must be distributed.
In November, the corporate received a complete of seven.86 billion dollars in federal grants in November as a part of the US Ministry of Commerce in November for the development of semiconductors within the USA. Although a substantial amount, this total amount was lower than the unique estimate of 8.5 billion US dollars.
When Intel was awarded its scholarship allowance in November, the corporate said to place the funds for the manufacture and advanced packaging or for techniques for the compilation and integration of several semiconductor chips in a single package. This is carried out in Intel facilities in Arizona, New Mexico, Ohio and Oregon.
The US Chips and Science Act was signed by former President Joe Biden to the Federal Law in 2022 to extend the production of semiconductor of domestic semiconductors. The law presented subsidies of 52 billion US dollars for domestic chip manufacturers.
The Chips Act is a certain uncertainty as a part of the Trump administration. If President Donald Trump, who’s currently blocked by a federal judge, comes into force, this is able to affect the staff of the trade department that think about the chips act, as is Bloomberg reporting.
However, Zinsner had a rosier view. When asked by an analyst, he said that Intel had already communicated with the Trump administration and “really good” in relation to the prospects of the administration to bring back semiconductors to the USA.
“We look ahead to continuing to become involved with the Trump government while we’re driving this work and supporting your efforts to strengthen the US technology and the management of the production,” said Zinsner beforehand.
