American semiconductor giant Intel will receive $8.5 billion in government funding from CHIPS and the Science Act. This support is aimed at encouraging chip production in the US to enable the artificial intelligence (AI) industry to grow rapidly and compete with China.
Intel will receive $8.5 billion in CHIPS Act funding from the US
Intel in the US in the next five years 100 billion plans to invest more than USD. The company aims to establish facilities to produce chips in Arizona, New Mexico, Ohio and Oregon.
Additionally, Intel has the right to receive an investment loan of up to 25 percent for its investments from the US Treasury Department. Intel CEO Pat Gelsinger, “Today is an important day for America and Intel. “AI is driving the digital revolution, and semiconductors are needed for everything digital.” said.
Unexpected statement from Intel! At least 32 GB RAM…
Intel said that as the need for artificial intelligence in computers increases, the use of RAM should also increase. Accordingly, 32 GB may be the new standard.
It is anticipated that Intel’s investments will create more than 10 thousand companies and approximately 20 thousand construction jobs in the United States, as well as support 50 thousand indirect jobs. Joe BidenIt was stated that Intel will visit Intel’s Ocotillo campus in Chandler, Arizona and announce the agreement.
The investments that Intel will make with this major funding received from the CHIPS Act will strengthen the US’s global position in chip production and create new job opportunities in the technology sector, thus ensuring both economic and technological progress.
This step contributes to the United States’ goal of increasing its global share of chip production and playing a key role in artificial intelligence advances. These new financing and expansion plans by Intel could have significant impacts on both the US economy and the global technology market.
How do you think these joint efforts by Intel and the US government will affect competition and innovation in the semiconductor industry? You can write your opinions in the comments section below.