Intel Secures $7.865 Billion CHIPS Funding

The U.S. Department of Commerce has awarded Intel Corporation up to $7.865 billion in direct funding under the CHIPS Incentives Program. This investment supports Intel’s expansive U.S. growth strategy, which includes significant projects in Arizona, New Mexico, Ohio, and Oregon. The funding will be disbursed as Intel meets specific construction and production milestones across these states.

In Arizona, Intel is investing over $32 billion to construct two new chip factories and modernize an existing facility at its Ocotillo campus in Chandler. These facilities aim to produce advanced logic chips, with plans to bring Intel 18A into high-volume manufacturing at Fab 52 next year.

In New Mexico, Intel is committing more than $4 billion to equip its operations for manufacturing advanced semiconductor packaging technologies, including Foveros, Intel’s 3D packaging technology.

In Ohio, Intel plans to invest over $28 billion to build two new leading-edge chip factories in New Albany. These facilities will produce advanced semiconductor processors and provide capacity for Intel’s foundry customers as demand for U.S.-made chips increases.

In Oregon, Intel is investing more than $36 billion in Hillsboro to deliver industry-leading process technology beyond 2025.

These expansions are expected to create approximately 10,000 manufacturing jobs and 20,000 construction jobs across the four states. The CHIPS Act funding aims to bolster domestic semiconductor manufacturing, reduce supply chain vulnerabilities, and enhance national security.

“With Intel 3 already in high-volume production and Intel 18A set to follow next year, leading-edge semiconductors are once again being made on American soil,” said Pat Gelsinger, CEO of Intel. “Strong bipartisan support for restoring American technology and manufacturing leadership is driving historic investments that are critical to the country’s long-term economic growth and national security.”