The Intel Corporation semiconductor giant has already received $ 2.2 billion in federal subsidies of the United States Department of Commerce through the United States Sciences and Sciences Law, shared the company during its Thursday Profit call.
Dave Zinsner, CEO of Intel Co-Intermedio, Executive Vice President and Financial Director, said that the company based in Silicon Valley received the first section of $ 1.1 billion in federal grants at the end of 2024 and $ 1.1 billion additional in January in January of 2025.
These subsidies are based on reaching certain milestones, Zinsner added. Another $ 5.66 billion have not yet been dispersed.
The company was a total of $ 7,86 billion in federal grants To build semiconductors in the United States in November as part of the Law of Ciñones and Sciences of the United States Department of Commerce. While a considerable sum, this total was lower than the original estimate of $ 8.5 billion.
When Intel received its subsidy money in November, the company said it was planning to put the funds for advanced manufacturing and packaging, or towards techniques to assemble and integrate multiple semiconductor chips into a single package. This will be carried out at Intel’s facilities in Arizona, New Mexico, Ohio and Oregon.
He USA Law and Sciences of the USA. It was signed in the federal law by former President Joe Biden in 2022 in an effort to increase the manufacture of national semiconductors. The law reserved $ 52 billion in subsidies for national chip manufacturers.
While I was already two years old, Chips’s law faces some uncertainty under the Trump administration. If the federal funds of President Donald Trump, who is currently being blocked by a federal judge, will affect the employees of the Department of Trade focused on the Chips Law, according to Bloomberg reports.
However, Zinsner had a more pink perspective. When an analyst asked him, he said that Intel has already been in communication with the Trump administration and “feels really good” about the administration’s perspective to bring the manufacture of semiconductors back to the United States.
“We hope to have a continuous commitment to the Trump administration as we advance this work and support its efforts to strengthen technology and manufacturing leadership of the United States,” Zinsner said previously in The Call.