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US considering more than $10 billion in subsidies for Intel as part of CHIPS act to secure domestic semiconductor manufacturing

TechradarTechradar · 9m
US considering more than $10 billion in subsidies for Intel as part of CHIPS act to secure domestic semiconductor manufacturing

The US Government is considering providing $10 billion worth of subsidies to Intel to secure domestic semiconductor manufacturing. Currently, most semiconductors used in the US are manufactured in areas vulnerable to Chinese interference. The CHIPS Act has allocated $53 billion to secure domestic semiconductor production, with Intel planning to use potential subsidies to expand manufacturing in Arizona and New Mexico. Intel is also planning to construct a chip factory in Ohio, which will be the world's largest, but completion may be delayed until 2026. This move has drawn criticism for not diversifying semiconductor suppliers sufficiently.

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