“This settlement marks one of many largest investments ever in US semiconductor manufacturing, which is able to create over 30,000 good-paying jobs and ignite the following technology of innovation,” US Secretary of Commerce Gina Raimondo mentioned in March.
The CHIPS Act has allotted $39 billion in direct authorities funding to bolster home manufacturing, with Intel receiving the biggest particular person award. Different recipients of CHIPS Act funding embrace Taiwan Semiconductor Manufacturing Firm (TSMC) and Samsung, each of that are additionally increasing their US operations.
Intel’s formidable plans and strategic challenges
Whereas the deal provides a lifeline, Intel’s latest struggles have drawn scrutiny. Regardless of its formidable plans, Intel has but to totally capitalize on its investments. The corporate’s heavy spending on manufacturing has not been matched by adequate income progress, notably in its PC and server chip companies. This has led to hypothesis that Intel may doubtlessly promote elements of its enterprise, together with its manufacturing arm.
