Intel INTC Set to Receive Up to $7.9 Billion in Chips Funding: A Major Boost for US Manufacturing

The Intel Corporation (INTC) is poised for a significant boost to its US manufacturing capabilities, thanks to a landmark agreement. After much gnashing of teeth over its proposed $8.5 billion US CHIPS Act, the details are finally emerging. Today, the Biden-Harris Administration announced that the U.S. government is granting Intel INTC 0.51% up to $7.87 billion to bolster its domestic chip production. This represents a massive investment in American semiconductor technology and a strategic move to reduce reliance on overseas manufacturers.

The Intel Corporation (INTC) and the Biden Administration have agreed to a deal that will see nearly $7.9 billion flow to Intel. The Biden administration has finalized a deal to give Intel Corp. nearly this amount, solidifying the commitment to revitalizing the US semiconductor industry. This funding will be instrumental in supporting Intel's ambitious plans to expand its chip manufacturing facilities across the United States, creating thousands of jobs and driving technological innovation.

While the agreement isn't fully executed until On Nov. 26, 2025, Intel Corporation and the U.S. Department of Commerce complete the necessary documentation and processes, the announcement marks a pivotal moment. This influx of capital allows Intel to accelerate its projects and strengthens its position as a leading player in the global semiconductor market. Keep checking back for further updates on Intel's progress and the impact of this substantial CHIPS Act funding.