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The investment is made through the CHIPS and Science Act, which aims to advance Intel’s commercial semiconductor projects across the United States and was originally passed in 2022.
Intel is preparing to spend $100 billion to build and expand chip factories in four U.S. states. The investment strengthens U.S. President Joe Biden’s efforts to restart chip manufacturing across the United States.
U.S. Secretary of Commerce Gina Raimondo said, “This may be the largest grant announcement ever made for chip recipients.”
“Last month, I set an aggressive goal for the CHIPS program for America to produce approximately 20% of the world’s most advanced chips by the end of this decade, an increase from today’s production rate of 0%. This is to remind everyone of something.”
“And we believe we will reach 20% by 2030. And this announcement puts us on track to achieve that goal.”
According to Intel CEO Pat Gelsinger, the focus of the investment will be “the world’s largest AI chip manufacturing site.”
“We are America’s champions of semiconductors, so we have been serious about moving this bill forward,” Gelsinger added.
The company will be based in Columbus, Ohio, and Intel aims to begin operations by around 2027.
The American chip giant used to lead the world in manufacturing the fastest and smallest chipsets and sell them at a premium, but recently it has seen competition from the likes of TSMC, AMD, Qualcomm and emerging market players such as Nvidia. is being seen.
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