"Intel's Multi-Billion Dollar US Expansion Fueled by Federal Chip Subsidies"

Intel is set to receive about $20 billion in federal subsidies under the CHIPS and Science Act to advance semiconductor manufacturing projects in four U.S. states, supporting its plans to invest over $100 billion in the U.S. over five years. The funding will help Intel build new factories and modernize existing facilities, with a focus on producing cutting-edge artificial intelligence (AI) chips. This move aims to strengthen the U.S. semiconductor supply chain and reduce reliance on Taiwan and China, with the Biden administration hoping to increase America's share of advanced chip production from 0% to 20% by 2030 through the CHIPS Act.