Intel and America set to finalize $8.5B CHIPS Act financing

“The agreement represents one of the most significant investments ever made in US semiconductor production, resulting in the creation of more than 30,000 well-paying jobs and sparking the next era of ingenuity,” remarked Gina Raimondo, the US

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The CHIPS Act has designated $39 billion in direct governmental support to enhance local manufacturing, with Intel securing the largest single grant. Among the beneficiaries of CHIPS Act financing are Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung, both of which are also broadening their US facilities.

Intel’s grand schemes and strategic obstacles

While the agreement extends a helping hand, Intel’s recent challenges have attracted attention. Despite its expansive initiatives, Intel has yet to fully leverage its investments. The company’s substantial outlay on manufacturing has not been met with commensurate revenue growth, especially in its PC and server chip divisions. This has led to speculation that Intel may consider divesting certain segments of its business, such as its manufacturing unit.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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