Intel Awarded up to $7.86 Billion in Direct Funding for Commercial Semiconductor Manufacturing Projects Under U.S. Chips and Science Act

Tsing

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Intel Corporation and the Biden-Harris Administration announced today that the U.S. Department of Commerce and Intel have reached agreement on terms to award the company up to $7.86 billion in direct funding for its commercial semiconductor manufacturing projects under the U.S. CHIPS and Science Act.

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Well hopefully this will let Intel build a good local US fab that can produce with the most current in 5 years tech needed. Especially if that grant comes with sweetheart pricing on the production hardware they will need. (That does happen.)

But heaven help them if everything they have to use requires TAA compliant hardware. (and it should.) There is no such thing as price breaks for that.
 
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