Intel is expanding its domestic semiconductor manufacturing footprint with new foundry plants in four states and securing additional funding through the 'Secure Enclave' program. This development follows Intel receiving $8.5 billion from the CHIPS and Science Act in March.
Intel is building foundry plants in four states as part of its project to increase domestic semiconductor manufacturing for other suppliers.up to an additional $3 billion under the CHIPS and Science Act for the"Secure Enclave" program which is designed to expand the supply of microelectronics for the U.S. Department of Defense . Intel is building foundry plants in four states as part of its project to increase domestic semiconductor manufacturing for other suppliers.
Intel's continued push for funding from the Biden administration reflects its mission"to fortify the domestic semiconductor supply chain and to ensure the United States maintains its leadership in advanced manufacturing, microelectronics systems, and process technology," Chris George, president and general manager of Intel Federal, said in the press release.has lost 60% of its value this year as it struggles to find its way in the booming artificial intelligence market.
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