The U.S. government is investing billions in semiconductor manufacturing to boost domestic production. Intel stands to receive significant funding, with reports indicating awards of up to $10 billion and $20 billion. The CHIPS Act has been pivotal in driving these investments, aiming to revitalize the semiconductor industry and create jobs across states like Texas, Virginia, and Ohio.
A few important points on today’s big Intel announcement… 1. The money will take a while to actually go out the door 2. We don’t know how much is going to each Intel project, or what benchmarks they have to meet 3. This doesn’t include an anticipated $3.5b for military chips https://t.co/d3W92CRerJ https://t.co/NgnH2x4aJT
“Today is a defining moment for the U.S. and Intel as we work to power the next great chapter of American semiconductor innovation,” said Intel CEO Pat Gelsinger. https://t.co/xBDVT6D25r
Ohio workers are the best in the world. There’s no state better equipped to manufacture the chips of the future than our own. That’s why we wrote the CHIPS Act. That’s why we fought for major projects like @Intel Ohio. That's why today is possible. https://t.co/yqlthnMajD
I was proud to vote for the CHIPS and Science Act to empower @POTUS to invest in critical technologies. This investment will make us more secure and create good-paying jobs around America. https://t.co/xQMkmi0MoK
Intel CEO @PGelsinger: "Our goal is to have at least 50% of the world’s advanced semiconductors produced in the U.S. and Europe by the end of the decade." https://t.co/DNwCI82AJD
A good $20B start for $INTC in US foundry subsidies. https://t.co/DXgzz78oQ4
The day many of us have been waiting for, to see how much the US Government was going to give intel for its new foundries in the US. https://t.co/DGbjX5uJfk
The $8.5 billion going to Intel is 0.121% of the $7 Trillion Sam Altman wants for chips. Zero. Point. One. Percent.
In bid to compete globally, U.S. to pump as much as $20 billion into Intel computer chip plants https://t.co/ioKva56mRh
Investments from the CHIPS and Science Act in Oregon’s Silicon Forest will help our region remain one of the world’s most important semiconductor and technology ecosystems. https://t.co/7Umc1E6qTJ
Intel scores $8.5B in government cheddar to supercharge fab builds https://t.co/3kftZ9hGw3
Intel $INTC spending ~$25B per year since they ramped capex in 2021. They've added debt & sold assets as they haven't made enough money. $8.5B in funding, $11B in loans & 25% tax credit means next $100B in US-based capex could cost only $57.6B in cash. https://t.co/12XZ17Ys2c
Another good-news chapter in the ongoing story of #CHIPS Act wins for good-paying jobs in Oregon. Continuous federal investment in Oregon & its key role in world-class innovation = a stronger Washington County economy & big employment opportunities that benefit Oregonians. https://t.co/vcTLkMM4sf
$INTC (+3.5% pre) Intel prepares for $100 billion spending spree across four US states - Reuters https://t.co/RpMzWb5Dhr
Intel jumped premarket after winning $8.5 billion in US grants and as much as $11 billion in loans to help fund the expansion of its domestic chip factories https://t.co/d7KsO8EcdN
The $20 billion Intel headlines are weird. It’s “up to” $8.5 billion in direct grants and “up to” $11 billion in loans. The $25 billion tax credit benefit is the interesting part. All of it so far non-binding and preliminary, subject to due diligence. https://t.co/rCBPdgJgbE
White House proposes up to $8.5B to fund Intel’s domestic chip manufacturing: https://t.co/orDI3zlBbC by TechCrunch #infosec #cybersecurity #technology #news
Global News | Intel wins almost $20 bn in chips act incentives for US plants: Agencies @intel https://t.co/d8aFKbQOO4
Intel prepares for $100 billion spending spree across four US states https://t.co/3qM4aBuq0K https://t.co/MkQMRFCnhN
#BREAKING White House unveils almost $20 bn in loans, grants to boost Intel chip production https://t.co/pKM1QiXy5G
BREAKING: Today we secured a major new investment in Intel to bring semiconductor manufacturing back to America. We wrote the CHIPS Act with Ohio in mind & fought every step of the way to make sure this investment came to our state. Today that effort pays off. https://t.co/PSWdl8Q3RD
#1 in solar, #1 in wind, #1 in oil and gas. Texas is THE energy state, and I’ll keep working to make sure we stay #1.⚡https://t.co/SBIJAB4JL7
Texas continues to lead in carbon-free power! ⚡️ An increasingly-reliable grid thanks to renewables 🏆 Top-ranked solar state in the nation ☀️ No. 1 in solar installations in 2023 🔋 On track to add more battery storage than any other state this year https://t.co/ApvxEmuBuF
.@GovAbbott announcing the Texas Semiconductor Innovation Consortium executive committee in Dallas right now. #txlege https://t.co/4vDoH7VB0L
Intel could receive a $10 billion award package, according to recent reporting. https://t.co/hXkggyb4mx
Passing the CHIPS Act was a serious investment in bringing manufacturing jobs back to the U.S. Now, I’m pushing hard to bring funding from that law home to Richmond & Petersburg so we can create good-paying pharmaceutical manufacturing jobs in Virginia.
Texas is the #1 semiconductor manufacturing state in America. Last year, I signed the historic Texas CHIPS Act to cement our position as a semiconductor powerhouse. Texas remains the home of innovation.