Intel Receives $8.5 Billion in Grants to Build Chip Plants – The New York Times
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The award, announced by President Biden at a plant in Arizona, is the biggest the government has made under a new program that aims to rebuild the nation’s semiconductor manufacturing industry.
Zolan Kanno-Youngs, Madeleine Ngo and
Zolan Kanno-Youngs reported from Chandler, Ariz., Madeleine Ngo from Washington and Don Clark from San Francisco.
President Biden on Wednesday awarded $8.5 billion in grants to Intel, a major investment to bolster the nation’s semiconductor production, during a tour of battleground states meant to sell his economic agenda.
Speaking from the Intel campus in Chandler, Ariz., Mr. Biden said the award would support thousands of new manufacturing jobs, including ones that do not require a college degree.
“It’s going to transform the semiconductor industry,” Mr. Biden said. “Where the hell is it written saying that we’re not going to be the manufacturing capital of the world again?”
The award, which will go to the construction and expansion of Intel facilities around the United States, is the biggest the federal government has made with funding from the CHIPS Act, which lawmakers passed in 2022 to help re-establish the United States as a leader in semiconductor manufacturing.
The Biden administration, equipped with $39 billion in subsidies to distribute, is spearheading an ambitious effort to ramp up production of the tiny chips that power everything from smartphones to computers and cars. The effort is at the center of Mr. Biden’s goal to reduce America’s reliance on foreign countries: Although semiconductors were invented in the United States, only about 10 percent of the world’s chips are made domestically.
“Nearly all manufacturing of leading-edge chips across the entire industry moved overseas to Asia years ago,” Mr. Biden said. “That’s why today’s investment is such a big deal: We will enable advanced semiconductor manufacturing to make a comeback here in America.”
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