Intel awarded 7.865 bln USD CHIPS Act grant

SAN FRANCISCO, Nov. 26 (Xinhua) -- The U.S. Department of Commerce confirmed on Tuesday it has awarded 7.865 billion U.S. dollars to chip giant Intel under the U.S. CHIPS and Science Act.

The act was signed into law by President Joe Biden in 2022 to boost domestic semiconductor manufacturing. The funding will go toward manufacturing and advanced packaging (techniques to assemble and integrate multiple semiconductor chips into a single package) projects in Intel facilities across Arizona, New Mexico, Ohio, and Oregon.