The Biden administration has finalized an agreement to grant Intel nearly 7.9 billion US dollars in federal funding. This is the largest direct subsidy in the US domestic chip manufacturing program. The troubled Intel obtained this agreement on a smaller scale than earlier proposals, meaning that the company can begin to obtain funding as Intel's projects reach agreed benchmarks in the four US states. A senior government official said that based on the milestones Intel has reached, the company will qualify for at least $1 billion this year. Specifically, people familiar with the matter, who requested anonymity due to undisclosed details, revealed that Intel's projects in Arizona, Oregon, and New Mexico will receive funding. According to people familiar with the matter, the company's undeveloped project in Ohio, which has been delayed for many years, has not yet met the eligibility for federal support, but it has already received 2 billion US dollars from the state.

The Biden administration has finalized an agreement to grant Intel nearly 7.9 billion US dollars in federal funding. This is the largest direct subsidy in the US domestic chip manufacturing program. The troubled Intel obtained this agreement on a smaller scale than earlier proposals, meaning that the company can begin to obtain funding as Intel's projects reach agreed benchmarks in the four US states. A senior government official said that based on the milestones Intel has reached, the company will qualify for at least $1 billion this year. Specifically, people familiar with the matter, who requested anonymity due to undisclosed details, revealed that Intel's projects in Arizona, Oregon, and New Mexico will receive funding. According to people familiar with the matter, the company's undeveloped project in Ohio, which has been delayed for many years, has not yet met the eligibility for federal support, but it has already received 2 billion US dollars from the state.