Friday, March 15th 2024
![Intel](https://tpucdn.com/images/news/intel-v1734446766296.png)
US Government to Announce Massive Grant for Intel's Arizona Facility
According to the latest report by Reuters, the US government is preparing to announce a multi-billion dollar grant for Intel's chip manufacturing operations in Arizona next week, possibly worth more than $10 billion. US President Joe Biden and Commerce Secretary Gina Raimondo will make the announcement, which is part of the 2022 CHIPS and Science Act aimed at expanding US chip production and reducing dependence on China and Taiwan manufacturing. The exact amount of the grant has yet to be confirmed, but rumors suggest it could exceed $10 billion, making it the most significant award yet under the CHIPS Act. The funding will include grants and loans to bolster Intel's competitive position and support the company's US semiconductor manufacturing expansion plans. This comes as a surprise just a day after the Pentagon reportedly refused to invest $2.5 billion in Intel as a part of a secret defense grant.
Intel has been investing significantly in its US expansion, recently opening a $3.5 billion advanced packaging facility in New Mexico, supposed to create extravagant packaging technology like Foveros and EMIB. The chipmaker is also expanding its semiconductor manufacturing capacity in Arizona, with plans to build new fabs in the state. Arizona is quickly becoming a significant hub for semiconductor manufacturing in the United States. In addition to Intel's expansion, Taiwan Semiconductor Manufacturing Company (TSMC) is also building new fabs in the state, attracting supply partners to the region. CHIPS Act has a total funding capacity of $39 billion allocated for semiconductor production and $11 billion for research and development. The Intel grant will likely cover the production part, as Team Blue has been reshaping its business units with the Intel Product and Intel Foundry segments.
Sources:
Reuters, via Tom's Hardware
Intel has been investing significantly in its US expansion, recently opening a $3.5 billion advanced packaging facility in New Mexico, supposed to create extravagant packaging technology like Foveros and EMIB. The chipmaker is also expanding its semiconductor manufacturing capacity in Arizona, with plans to build new fabs in the state. Arizona is quickly becoming a significant hub for semiconductor manufacturing in the United States. In addition to Intel's expansion, Taiwan Semiconductor Manufacturing Company (TSMC) is also building new fabs in the state, attracting supply partners to the region. CHIPS Act has a total funding capacity of $39 billion allocated for semiconductor production and $11 billion for research and development. The Intel grant will likely cover the production part, as Team Blue has been reshaping its business units with the Intel Product and Intel Foundry segments.
66 Comments on US Government to Announce Massive Grant for Intel's Arizona Facility
This wouldn't prevent the business from owning the government, of course. These two things do not exclude each other.
www.science.org/content/article/fda-s-revolving-door-companies-often-hire-agency-staffers-who-managed-their-successful
sauce with spaghetti
www.theblock.co/post/282472/crypto-market-cap-7-5-trillion-usd-2025-bernstein
In case you were wondering yes it's a rhetorical question.
Such open corruption in the world today.
Back on topic, I find it disgusting that my cousin Pat is using a xenophobic lie to bail out a company for past failures. Did your parents not make you do chores before you got to play?
Well that was nice of us lol
If somebody works hard has money it's their business what they do with that money. If they want to buy 4x14900KS it may be stupid but it's their choice.
Thinking like yours leads to regimes. Believe me USSR when they occupied my country also only wanted for people to be better, for the party, for working people, for good of proletarians around the world.
It's the same tactic, just some slogans change.
But anyway back on topic. US and rest of the world found out that you can't outsource everything to foreign countries, because times did not change that much and wars still exist. So they will give out that grant and probably even more just to have some production in house so that in case China invades Taiwan they are not left empty handed.
Thinking that capital does not have nationality was stupid and seems they have woken up a little at least for now.
Everyone is comfortable with TSMC being the leader so they can rig up the prices and blame the situation, witch is artificially maintained to have high margins.
So what really US had to do is to make ASML competitor, but not sure it is possible really due to patents, but instead we have politics, charade and other casual circus... US Chips act... give me a break. A taxpayer moneysink, another excuse.
Everyone forgot also how Intel got their 10B from German government, their teams are actually pretty good at racketeering like in 90ties :D
www.theregister.com/2023/06/19/germany_to_subsidize_intel_10bn/
For one of the highest earning companies in the states?!?!
What have they been doing with all those profits from the past decade??