$INTC CEO Pat Gelsinger successfully lobbied for up to $8.5 billion in US grants for American chipmakers. Intel plans a $100 billion expansion, focusing on building the largest AI chip manufacturing site near Columbus, Ohio. The company will receive direct funding under the #CHIPSAct. President Biden highlighted this as a significant investment in semiconductors, benefiting Ohio and Arizona. The CHIPS and Science Act is encouraging domestic semiconductor manufacturing, EVs, batteries, and clean energy, leading to more manufacturing jobs in Michigan.
ICYMI: Last week, @POTUS announced that @intel will receive $8.5B in funding from the #CHIPSandScience Act to expand operations in AZ, OH, NM, and OH. https://t.co/0463NoM7im
Thanks to our CHIPS and Science Act, companies are investing in domestic semiconductor manufacturing, EVs, batteries, and clean energy. This means more good-paying manufacturing jobs right here in Michigan! https://t.co/ZLUjQZqgQw
Last week, I announced one of the largest investments in semiconductors ever in the United States. It’s among the largest private sector investments ever in the history of Ohio and Arizona. https://t.co/SenckOXC4b
“Restoring our nation’s leadership in #semiconductors is more than just an opportunity, more than just a responsibility, it’s our calling.” @POTUS, @SecRaimondo and @PGelsinger announced Intel will receive $8.5 billion in direct funding under the #CHIPSAct. https://t.co/IPyOgY37Kk
“American semiconductor maker Intel wants to build ‘the largest AI chip manufacturing site in the world,’ in a new five-year, $100 billion U.S. expansion plan. The chipmaker is focused on building the manufacturing site on empty land near Columbus, Ohio.” https://t.co/fVKS4VA8PT
$INTC CEO Pat Gelsinger has spent the last three years lobbying Washington to make billions available to American chipmakers Last week, that paid off for his company with news of up to $8.5 billion in US grants in the years ahead. https://t.co/r3VxPhvim6