Intel Celebrates CHIPS and Science Act Direct Funding Announcement (Replay)

March 20, 2024 Published
A man in a blue suit and yellow tie sits on a chair outdoors at a construction site. Behind him, a large crane and partially built structure are visible. He appears to be speaking or giving an interview.

Intel CEO Pat Gelsinger sits for broadcast interviews near under-construction semiconductor factories at Intel’s Ocotillo Campus in Chandler, Arizona, on Wednesday, March 20, 2024. On that day, the Biden-Harris Administration announced that Intel and the U.S. Department of Commerce had signed a non-binding preliminary memorandum of terms for up to $8.5 billion in direct funding to Intel for commercial semiconductor projects under the CHIPS and Science Act. (Credit: Intel Corporation)

Intel CEO Pat Gelsinger leads an event to celebrate Intel’s CHIPS and Science Act direct funding announcement.

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Intel CEO Pat Gelsinger was joined by U.S. President Joe Biden, U.S. Secretary of Commerce Gina Raimondo, and government and community leaders in Chandler, Arizona, on Wednesday, March 20, 2024, to celebrate Intel’s U.S. CHIPS and Science Act direct funding announcement. Intel executives and state and local officials also took part in the historic event. The proposed funding will support new construction, expansion and tool modernization at Intel’s U.S.-based sites in Arizona, New Mexico, Ohio and Oregon, enabling the company to produce the world’s most advanced chips by 2025.

More: U.S. CHIPS Act Funding for Intel (Press Kit)

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