By U.S. Department of Commerce
The Biden-Harris Administration announced that the U.S. Department of Commerce and Intel Corporation have reached a non-binding preliminary memorandum of terms to provide up to $8.5B in direct funding under the CHIPS and Science Act to strengthen the U.S. supply chain and re-establish American leadership in semiconductor manufacturing.
This is the Department of Commerce’s fourth PMT announcement under the CHIPS and Science Act.
Over the course of the next five years, Intel expects its investments in the United States to exceed $100B, as it expands capacity and capabilities in Arizona, New Mexico, Ohio, and Oregon, estimated to directly create more than 10,000 manufacturing jobs and nearly 20,000 construction jobs. The Biden Administration’s proposed CHIPS investment, coupled with Intel’s investment, would mark one of the largest investments ever announced in U.S. semiconductor manufacturing.
The PMT also includes approximately $50M in dedicated funding to develop the company’s semiconductor and construction workforce. This builds upon Intel’s own workforce investments, totaling more than $250M in the past five years, as well as its strong partnerships with local communities, community colleges, universities, Historically Black Colleges and Universities, and apprenticeship programs.
The investment will also enable the company to support industry-leading, U.S.-based fabless semiconductor companies with U.S.-based leading-edge production. The proposed CHIPS funding would strengthen all major technical processes for leading-edge chips to occur in the United States, including proposed investments in:
- Chandler, Arizona: Construction of two new leading-edge logic fabs and modernization of one existing fab, significantly increasing leading-edge logic capacity, including high volume domestic production of Intel 18A – the company’s most advanced chip design that enables higher performing, leading-edge chips through RibbonFET gate-all-around transistors and PowerVia backside power delivery. The company will produce the first Intel 18A product, called Clearwater Forest, at its Arizona facilities. In 2022, Intel partnered with Maricopa County Community Colleges to launch a first-of-its-kind program with Intel employee-instructors to provide students an entry point into semiconductor technician careers. This investment will support 3,000 manufacturing jobs and 6,000 construction jobs.
- Rio Rancho, New Mexico;
- New Albany, Ohio, and
- Hillsboro, Oregon. (Source)