Intel has already received $ 2.2 billion in federal grants to produce chips

The semiconductor giant Corporation Intel has already received $ 2.2 billion in federal grants from the US Department of Commerce through the US Chip and Sciences Act, the company shared during its call on Thursday.

Dave Zinsener, CEO of Intel, Executive Vice President and Financial Officer, said the Silicon Valley -based company received the first tranche of $ 1.1 billion in federal subsidies at the end of 2024 and an additional $ 1.1 billion in January 2025 .

These grants are based on reaching certain stages, ZinSner added. Another $ 5.66 billion has not yet been scattered.

The company was awarded a total of $ 7.86 billion in federal grants To build semiconductors in the United States in November as part of the US Chip and Science Act of the US Department of Commerce. While a large sum, this amount was less than the initial estimate of $ 8.5 billion.

When Intel received its grants in November, the company said it plans to put the funds for production and advanced packaging or to the assembly and integration techniques of multiple semiconductors into one package. This will be done at the Intel facilities in Arizona, New Mexico, Ohio and Oregon.

Thehe The Law on Chips and Science in the United States was signed in the federal law by former President Joe Biden in 2022 in an attempt to increase the production of semiconductor semiconductors. The law allocates $ 52 billion for internal chip manufacturers.

While two years old, the chip law is facing some uncertainty in the Trump administration. If President Donald Trump’s federal funding, which is currently blocked by a federal judge, has come into force, this will affect the employees of the Trade Department focused on the Chip Act, according to Bloomberg reportingS

However, Zinsner had a more pink perspective. Asked by an analyst, he said that Intel is already in communication with the Trump administration and “feels really good” about the administration’s prospects for the return of semiconductor production in the United States.

“We look forward to continuing our commitment to the Trump administration as we are progressing and supporting their efforts to strengthen US technology and production leadership,” ZinSner said in the conversation.