Intel is on track to receive $3.5 billion in US CHIPS Act funding to produce advanced semiconductors for American military and intelligence programs.
The chipmaker has been a top contender for the cash with rumors swirling since November that the x86 giant would receive anywhere from $3-$4 billion.
The news was tucked away in a spending bill passed by the US House of Reps Wednesday, and will cement Intel as the leading producer of silicon for the defense market.
That leaves Taiwan’s TSMC and South Korea’s Samsung Electronics, which are building fabs in Arizona and Texas, as the only other US producers of leading edge chips.
The company’s Xeon and GPU Max processors are also at the heart of the Department of Energy’s Aurora Supercomputer.
Intel is expected to receive well in excess of $10 billion in grants and loans from the Department of Commerce to help finance a massive build of foundry capacity in Arizona and Ohio.
The original article contains 432 words, the summary contains 158 words. Saved 63%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Intel is on track to receive $3.5 billion in US CHIPS Act funding to produce advanced semiconductors for American military and intelligence programs.
The chipmaker has been a top contender for the cash with rumors swirling since November that the x86 giant would receive anywhere from $3-$4 billion.
The news was tucked away in a spending bill passed by the US House of Reps Wednesday, and will cement Intel as the leading producer of silicon for the defense market.
That leaves Taiwan’s TSMC and South Korea’s Samsung Electronics, which are building fabs in Arizona and Texas, as the only other US producers of leading edge chips.
The company’s Xeon and GPU Max processors are also at the heart of the Department of Energy’s Aurora Supercomputer.
Intel is expected to receive well in excess of $10 billion in grants and loans from the Department of Commerce to help finance a massive build of foundry capacity in Arizona and Ohio.
The original article contains 432 words, the summary contains 158 words. Saved 63%. I’m a bot and I’m open source!