Subj : US considering more than $10 billion in subsidies for Intel as pa
To   : All
From : TechnologyDaily
Date : Mon Feb 19 2024 16:15:05

US considering more than $10 billion in subsidies for Intel as part of CHIPS 
act to secure domestic semiconductor manufacturing

Date:
Mon, 19 Feb 2024 16:01:58 +0000

Description:
US reliance on overseas semiconductor production puts supply at risk, so 
urgent investments in domestic alternatives seems to be the best way forward.

FULL STORY
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The US Government is considering providing $10 billion worth of subsidies to 
Intel to secure semiconductor manufacturing on US home soil. 

A report from Bloomberg notes that currently, the majority of semiconductors 
used in the US for military and civilian application are manufactured in 
areas of Eastern Asia susceptible to Chinese sabotage and espionage, such as 
Taiwan. 

The CHIPS act has set aside $53 billion to secure domestic semiconductor 
manufacturing, with firms such as Micron, Samsung, and the Taiwan 
Semiconductor Manufacturing Company in the crosshairs for funding. Subsidized 
chips are on the table 

Intel is apparently planning to use potential subsidies to build additional 
semiconductor manufacturing at its sites in Arizona and New Mexico. According 
to Bloomberg, Intel will likely receive loans and direct grants as part of 
its subsidies, but both Intel and the US Department of Commerce have declined 
to comment. 

Intel also has plans to construct a chip factory in Ohio that is set to be 
the world's largest chip manufacturing plant at almost 1,000 acres with a 
potential eight chip factories. However, Intel is planning to delay the 
completion of the site until 2026 according to the Wall Street Journal. 

US Commerce Secretary Gina Raimondo previously designated the funding as a 
national security investment, but has also faced criticism from across the 
political spectrum for giving too much of the CHIPS funding to Intel instead 
of further diversifying semiconductor suppliers. More from TechRadar Pro AI 
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Link to news story:
https://www.techradar.com/pro/us-considering-more-than-dollar10-billion-in-sub
sidies-for-intel-as-part-of-chips-act-to-secure-domestic-semiconductor-manufac
turing


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