Intel Receives $8.5 Billion in Direct Funding From the CHIPS & Science Act

Intel Receives $8.5 Billion in Direct Funding From the CHIPS & Science Act

KOIN.com

Intel will receive as much as $8.5 billion in direct funding from the CHIPS & Science Act. Beyond the Hillsboro and Arizona facility, the funding will also be used in Ohio and New Mexico. Overall, Biden Administration officials said this money, along with $11 billion in loans, will create about 30,000 jobs. Intel is expected to make more than $150 million in apprenticeship programs across all 4 sites.

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