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Tech•APR 10, 2024

Intel Secures $8.5 Billion in CHIPS Act Funding to Expand U.S. Semiconductor Manufacturing

Intel has officially secured $8.5 billion in funding from the CHIPS and Science Act, marking a major step in the U.S. effort to revitalize domestic semiconductor manufacturing. The investment will be used to expand existing facilities and build new fabrication plants (fabs) in Arizona and Ohio, reinforcing Intel’s role as a leader in advanced chip production.

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