The giant of intel corporation semiconductors has already received $ 2.2 billion in federal subsidies from the American trade department through the American law on fleas and sciences, shared the company during its call for profits from THURSDAY.
Dave Zinsner, CEO of Intel Co-Intenim, executive and financial director, said that the company based at Silicon Valley had received the first branch of $ 1.1 billion in federal subsidies at the end of 2024 and an additional $ 1.1 billion in January 2025.
These subsidies are based on the franchise of certain milestones, added Zinsner. 5.66 billion additional dollars have not yet been dispersed.
The company was awarded a total of $ 7.86 billion in federal subsidies To build semiconductors in the United States in November as part of the American law on flea and sciences of the American trade department. Although a considerable sum, this total was less than the initial estimate of $ 8.5 billion.
When Intel received its subsidy in November, the company said it planned to place funds towards manufacturing and advanced packaging, or towards techniques to assemble and integrate several semiconductor chips in a single package. This will be done in Intel installations of Arizona, New Mexico, Ohio and Oregon.
THE Us Chips and Science Act was connected to federal law by former president Joe Biden in 2022 in order to increase the national manufacture of semiconductors. The law has reserved $ 52 billion in subsidies for manufacturers of national fleas.
While already two years, the flea law faces a certain uncertainty under the Trump administration. If the freezing of federal funding of President Donald Trump, who is currently blocked by a federal judge, comes into force, this would affect employees of the business department Bloomberg Reporting.
However, Zinsner had a more pink perspective. Questioned by an analyst, he declared that Intel had already been in communication with the Trump administration and “feels really good” as to the prospects of the administration to bring the manufacture of semiconductors to the United States .
“We are delighted with the continuous commitment to the Trump administration while we are advancing this work and supporting their efforts to strengthen American technology and the manufacture of leadership,” said Zinsner earlier for the call.
