The Semiconductor Giant Intel Corporation has already received 2.2 billion US dollars in federal ceremony from the US Ministry of Trade via the US CHIPS and Science Act.
Dave Zinsner, Co-Interim CEO of Intel, Executive Vice President and CFO, said that the company based in Silicon Valley had the first tranche of $ 1.1 billion in federal grants at the end of 2024 and an additional 1.1 billion in January 2025 Received US dollars.
These grants are based on the achievement of certain milestones, added interest. Another 5.66 billion US dollars still have to be distributed.
The company was award a total of 7.86 billion US dollars on federal grants Build semiconductors in the United States in November as part of the US Ministry of Commerce in November. Although a considerable amount, this total amount was less than the original estimate of 8.5 billion US dollars.
When Intel was awarded its scholarship allowance in November, the company said to put the funds for the manufacture and advanced packaging or for techniques for the compilation and integration of several semiconductor chips in one package. This is carried out in Intel facilities in Arizona, New Mexico, Ohio and Oregon.
The US chips and science act was signed by the former President Joe Biden in 2022 to the Federal Law to increase the production of semiconductor semiconductor semiconductors. The law presented subsidies of 52 billion US dollars for domestic chip manufacturers.
The Chips Act is a certain uncertainty as part of the Trump administration. If President Donald Trump, who is currently blocked by a federal judge, comes into force, this would affect the employees of the trade department that concentrate on the chips act, as is Bloomberg reporting.
However, Zinsner had a rosier view. When asked by an analyst, he said that Intel had already communicated with the Trump administration and “really good” in relation to the prospects of the administration to bring the production of semiconductors back to the USA.
“We look forward to continuing to get involved with the Trump administration, while we are driving this work and supporting your efforts to strengthen the US technology and the management of production,” said Zinsner on the call.
