US CHIPS Act Funding for Intel

Federal government benefits help Intel advance American semiconductor manufacturing and technology leadership.


  • March 21, 2024

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On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.

CHIPS Act funding aims to increase U.S. semiconductor manufacturing and research and development capabilities, especially in leading-edge semiconductors.

Intel is the only American company that both designs and manufactures leading-edge logic chips. The company’s strategy is centered on three core elements – establishing process technology leadership, building a more resilient and sustainable global semiconductor supply chain, and creating a world-class foundry business – all of which align with the objectives of the CHIPS Act to bring manufacturing and technology leadership back to the United States.

Together, CHIPS Act funding and Intel’s previously announced plans to invest more than $100 billion in the U.S. over five years constitute one of the largest public-private investments ever made in the U.S. semiconductor industry.

‘It's Our Calling’: Intel, US Government Restoring Semiconductor Leadership

Watch sights and sounds from the CHIPS and Science Act event at Intel Arizona on March 20, 2024, attended by U.S. President Joe Biden, U.S. Secretary of Commerce Gina Raimondo, Intel CEO Pat Gelsinger, and other government and Intel leaders. The U.S. government granted Intel $8.5 billion in CHIPS Act funding. Gelsinger said restoring semiconductor leadership in the U.S. is “our calling.” (Credit: Intel Corporation)


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B-Roll Video

Intel Construction, Manufacturing and Advanced Assembly Test Manufacturing across the Unites States (B-Roll)

B-roll video includes footage of construction and production at Intel manufacturing facilities across the United States. It includes footage from Intel facilities in Hillsboro, Oregon; Chandler, Arizona; Rio Rancho, New Mexico; and Licking County, Ohio. Footage includes high-volume manufacturing in Intel’s D1D and D1X factories in Oregon; Fab 42 in Arizona; and Fab 9 and Fab 11X in New Mexico. It also includes video from Intel’s advanced packaging facilities in Arizona and Oregon. (Credit: Intel Corporation)

Download video: “Intel Construction, Manufacturing and Advanced Assembly Test Manufacturing across the Unites States (B-Roll)


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Intel Executive Leaders

  • Pat Gelsinger, chief executive officer
  • David Zinsner, executive vice president and the chief financial officer
  • Stuart Pann, senior vice president and general manager of Foundry Services
  • Keyvan Esfarjani, executive vice president, chief global operations officer and general manager of Foundry Manufacturing and Supply Chain
  • April Miller Boise, executive vice president and chief legal officer
  • Christy Pambianchi, executive vice president and chief people officer
  • Dr. Ann B. Kelleher, executive vice president and general manager of Foundry Technology Development
  • Bruce Andrews, corporate vice president and chief government affairs officer
  • Al Thompson, vice president, U.S.-Canada Government Affairs

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