Intel Gets $7.8 Billion to Boost Chip Manufacturing in 4 States

The investment will go toward Intel’s planned $90 billion expansion, creating thousands of jobs across Arizona, New Mexico, Ohio, and Oregon.

The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif., on April 26, 2018. Justin Sullivan/Getty Images

The Commerce Department officially announced a large investment in the U.S. semiconductor industry on Nov. 26, awarding Intel Corp. $7.86 billion in direct funding under the CHIPS Incentives Program.

This funding is aimed at enhancing leading-edge U.S. chip capacity and is expected to bolster Intel’s nearly $90 billion investment in the United States by the end of the decade, part of the company’s larger $100 billion-plus expansion plan, according to the department.