After delays and lobbying from business groups around the country, the U.S. Department of Commerce and Intel announced a deal Tuesday morning to release nearly $8 billion in direct CHIPS Act funding.
The $7.86 billion directly impacts Intel’s commercial semiconductor manufacturing and advanced manufacturing projects in Ohio, Arizona, New Mexico and Oregon.
Overall, the California-based company says its planned U.S. investments, including those not supported by CHIPS, will lead to more than 10,000 company jobs, 20,000 construction jobs and more than 50,000 indirect jobs with suppliers and supporting industries.
Aside from manufacturing and technology plans, Intel will use $65 million to create more skilled semiconductor workers by training students and faculty at a variety of education levels. Also, $5 million will be used to increase child care availability near the company’s facilities, and $4 million will help with the CHIPS Women in Construction Framework.
The announcement comes after U.S. House Speaker Mike Johnson, R-La., said recently that Republicans would probably try to repeal the act that Ohio Republican leaders have praised for years and led Intel to announce a $4.5 billion commitment to the state in the largest single private-sector investment in state history.
