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Technology giant Intel is set to receive up to $8.5 billion in direct funding and $11 billion in loans from the U.S. Government to re-establish American leadership in semiconductor manufacturing.<\/p>\n
Announced today (Mar. 20) from the Biden-Harris Administration<\/a>, the investment under the CHIPS and Science Act<\/a>, as well as Intel\u2019s already proposed funding over the next five years, marks one of the largest investments ever announced in U.S. semiconductor manufacturing.<\/p>\n The CHIPS money is expected to include investments in Chandler in Arizona, Rio Rancho in New Mexico, New Albany in Ohio, and Hillsboro in Oregon.<\/p>\n In the Government-issued statement\u00a0the impact of this funding is said to \u201cdirectly create over 10,000 manufacturing jobs and nearly 20,000 construction jobs.\u201d<\/p>\n The Under Secretary of Commerce for Standards and Technology and NIST Director Laurie E. Locascio says: \u201cThe innovation sparked by this proposed investment would strengthen America\u2019s technological and research leadership and significantly help enhance our nation\u2019s manufacturing capacity while strengthening communities and creating good-paying jobs.\u201d<\/p>\n Intel\u2019s CEO Pat Gelsinger describes this deal as being a \u201cdefining moment\u201d as \u201cAI is supercharging the digital revolution and everything digital needs semiconductors<\/a>.<\/p>\n \u201cCHIPS Act support will help to ensure that Intel and the U.S. stay at the forefront of the AI era as we build a resilient and sustainable semiconductor supply chain to power our nation\u2019s future.\u201d<\/p>\n There is fierce competition within the semiconductor industry as the likes of South Korea and the U.S. battle it out to become champions in the sector.<\/p>\n Earlier in the year, in January, Counterpoint Research released a study<\/a> showing that South Korean Samsung has been ousted as the biggest earner from semiconductor manufacturing.<\/p>\n Intel took pole position with $50.5 billion in 2023 revenue, with the U.S. company taking a 9.7% market share that year. Samsung had an 8.3% share.<\/p>\n Featured Image: Photo by Slejven Djurakovic<\/a> on Unsplash<\/a><\/em><\/strong><\/p>\n<\/p><\/div>\nThe semiconductor competition wages on<\/b><\/h2>\n