https://techmonitor.ai/hardware/intel-secures-close-to-20-billion-in-government-semiconductor-funding

Intel is set to receive up to $8.5 billion in direct funding and $11 billion in loans for commercial semiconductor projects under the CHIPS and Science Act. The announcement marks a significant development in the Biden administration's stated commitment to revitalising the nation's semiconductor industry.

"This marks a defining moment for the US and Intel as we strive to fuel the next chapter of American semiconductor innovation," remarked Intel CEO Pat Gelsinger. "In an era where artificial intelligence is revolutionising the digital landscape, the support from the CHIPS Act will play a pivotal role in ensuring Intel and the US remain at the forefront of this transformative era."