. The company could get up to $8.5 billion in direct funding from the government, according to the preliminary agreement it has reached with the Department of Commerce. That money will go towards the chipmaker's efforts to expand its manufacturing facilities in the United States, particularly plants designed to make leading-edge semiconductor chips meant for use in AI and other advanced applications.
The government's investment is expected to support Intel projects across four states, including the construction of two new leading-edge logic fabrication facilities and the modernization of another one in. It will also help Intel modernize two existing fabs in Rio Rancho, New Mexico and expand its facilities in Hillsboro, Oregon. The government's $8.5 billion funding will augment the company's $100 billion investment in US manufacturing over the next five years.
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PhoneArena - 🏆 322. / 59 Read more »