Intel is working to secure more than $10 billion in U.S.** chip subsidies to strengthen its competitiveness in the global semiconductor industry. The move marks the company as one of the biggest beneficiaries of the U.S. push for the CHIPS Act's subsidy program. The CHIPS Act was signed by Biden in August 2022 and aims to enhance the competitive position of the United States in the global semiconductor industry, with a total size of $280 billion, of which $52.7 billion is earmarked to support the chip industry, including in the form of direct subsidies and loan subsidies.
Under this framework, about $39 billion will be used to fund the construction and expansion of chip manufacturing facilities, and $13.2 billion will be used for technology research and development and workforce training, reflecting the importance that the United States attaches to improving domestic chip manufacturing capacity and technology level. For Intel, the grant will support a massive $45.5 billion investment project in Oregon, Arizona and New Mexico, covering new facilities, modernization, and expansion.
Although the scale of the subsidy is not large compared to Intel's total investment plan, this policy support will undoubtedly play a positive role in the company's long-term development strategy and the revival of the U.S. semiconductor industry. In addition, while there are rumors that Intel may delay the launch of the Ohio plant due to subsidy delays, the local ** clarified that the project schedule will be decided based on market conditions rather than subsidy timing.
Intel's subsidy and its investment plan in the United States not only reflect the company's confidence in future technology development, but also reflect the determination of the United States to ensure the safety of the domestic industrial chain and technological leadership in the global technology competition. With the implementation of the subsidy of the "CHIPS Act", it is expected to further promote the development of the U.S. semiconductor industry, accelerate technological innovation and capacity expansion, and contribute to the stability and development of the global semiconductor chain.