Intel to Receive $8.5 Billion in Funding from CHIPS & Science Act for Chip Facility Expansion

The White House announced this week that Intel would receive up to $8.5 billion in direct funding along with $11 billion in loans under the CHIPS and Science Act. According to the White House statement, the funding will support the construction and expansion of Intel facilities in Arizona, Ohio, New Mexico and Oregon, creating nearly 30,000 jobs.
While the United States today produces less than 10% of the world’s chips, the CHIPS and Science Act is intended to help onshore more semiconductor manufacturing and it's estimated that with the help of this legislation, by the end of the decade the United State will produce roughly 20% of the world’s chips.
Intel will invest the government funding in facilities located in Chandler, AZ; New Albany, OH; Rio Rancho, NM; and Hillsboro, OR. In Chandler, the funding will help construct two leading-edge logic fabs and modernize one existing fab, creating 3,000 manufacturing jobs, 7,000 construction jobs.
In Ohio, funding will establish a new regional economic cluster for U.S. chipmaking with the construction of two leading-edge logic fabs. This investment will create 3,000 manufacturing jobs and 7,000 construction jobs.
Intel will use the funding at its Rio Rancho facility to support the nearly complete modernization and transformation of two fabs into advanced packaging facilities. When completed, these facilities will be the largest for advanced packaging in the United States. This investment will create 700 manufacturing jobs and 1,000 construction jobs.
At its Hillsboro facility, Intel will expand and modernize facilities to increase clean-room capacity and utilize advanced lithography equipment. This investment will support several thousand new permanent and construction jobs.