This week, Intel announced that the U.S. Department of Commerce has awarded the company up to $7.86 billion in direct funding through the U.S. CHIPS and Science Act.
The investment, combined with others, are anticipated to create more than 10,000 direct jobs at the company, nearly 20,000 construction jobs, and over 50,000 indirect jobs with suppliers and support industries.
The funding aims to advance Intel’s commercial semiconductor manufacturing and advanced packaging projects in Arizona, New Mexico, Ohio, and Oregon.
In addition, Intel has received a $3 billion contract for the Secure Enclave program, designed to expand trusted manufacturing of cutting-edge semiconductors for the U.S. government.
Since the CHIPS and Science Act was passed more than two years ago, Intel has announced plans for over $100 billion in investments in the U.S. to expand semiconductor manufacturing and advanced packaging capacity, which are critical to economic and national security.
These historic investments will support thousands of jobs, strengthen U.S. supply chains, foster domestic R&D, and help ensure American leadership in cutting-edge semiconductor manufacturing and technology.
The CHIPS Act award will directly support Intel’s investments at sites where the company develops and produces some of the world’s most advanced chips and semiconductor packaging technologies, including Arizona (the Silicon Desert), New Mexico (the Silicon Mesa), Ohio (the Silicon Heartland), and Oregon (the Silicon Forest).
Currently, Intel employs approximately 45,000 people in the U.S.
Intel is nearing completion of a historic pace of semiconductor node development to regain leadership in process technology.
The Intel 18A, the company’s fifth process node in four years, is on track to launch in 2025 and continues to gain traction among customers.
The company is finalizing a multiyear, multibillion-dollar commitment from Amazon Web Services to expand their existing partnership to include a new custom Intel® Xeon® 6 chip on Intel 3 and a new AI fabric chip on Intel 18A.
Alongside its manufacturing and technology investments, Intel has a long-standing history of supporting the American workforce through education, training, and benefits programs needed to create future jobs.
For example, in 2022, Intel announced a $100 million investment to expand semiconductor education, research, and workforce training opportunities nationwide.
As part of its overall CHIPS award, $65 million is earmarked to help create a more skilled semiconductor workforce.
Intel plans to allocate $56 million to train students and faculty across all education levels to support industry growth.
This includes Intel’s recently launched U.S. registered apprenticeship program for manufacturing facility technicians.
The company will use $5 million of the dedicated workforce award to increase childcare availability near Intel’s facilities, aimed at supporting working families through enhanced childcare benefits and innovative programs.
The remaining $4 million of the $65 million award will assist Intel’s involvement in the CHIPS Women in Construction Framework, which the company voluntarily committed to this year, aiming to increase the participation of women and economically disadvantaged individuals in the construction workforce.
Finally, Intel is partnering with the Midwest Microelectronics Consortium (MMEC) as its members receive funding for five technology development projects under the Microelectronics Commons initiative established by the CHIPS Act.
These projects will involve over 30 MMEC members from industry, academia, and government, working together to advance domestic microelectronics technology and strengthen the U.S.-based supply chain.
#NEWS: Today, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded @Intel Corporation up to $7.865 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. https://t.co/Zkaki7E4iM pic.twitter.com/nv6dJdRBWd
— U.S. Commerce Dept. (@CommerceGov) November 26, 2024
