The Biden Administration is in talks to give more than $ 10 billion to “Intel”, people who are familiar with the matter, said, although it could be the biggest price so far as part of a plan to manufacture semiconductors to the US area. The Ministry of Trade and Intel refused to comment. The incentives will come within the 2022 chips and science law, which has been awarded $ 39 billion in the form of grants directly, in addition to loans and $ 75 billion guarantees to produce the largest semiconductor companies in the world after decades of production abroad. Intel shares rose to 1.1% on Friday after Bloomberg published the news. The stock fell 13% this year to the closure of yesterday. America starts a $ 5 billion research center to lead the Chips race. Chips businesses have invested more than $ 230 billion in the United States since President Joe Biden has held office, and the purpose of the administration is to establish at least two pioneers in the industrial groups by 2030. The Ministry of Trade has already announced two small grants for the Chips Act. Minister Gina Raymondo said last week that there will be ‘more larger ads’ between 6 and 12 weeks. Intel’s recovery has dominated the chips industry for years, but it recently withdrew from its Asian competitors, Taiwan for the semiconductor industry and Samsung Electronics, whose US websites in Arizona and Texas adopt. In the CEO of Intel, Gilsenger was one of the highlights in the industry to support the US government to the sector, and the company said its plans were dependent on this financing. Intel builds a $ 20 billion facility in Ohio and manages an expansion of $ 20 billion in Arizona and invests $ 3.5 billion in New Mexico. People have said it is not yet clear how the Intel Award will be divided between grants and loans. They said that the conditions of the loan will be specific to the company, as well as the criteria that the Ministry of Trade will be imposed to gradually spend financing. Invidia: America needs 20 years to get its independence in the disk industry. Intel, based in California, has not announced the date of its commercial production projects. A spokeswoman for the company said it made great progress in Ohio after the Wall Street Journal notified a delay from 2025 to 2026. The administration officer explained that the schedule corresponds to the initial expectations of “Intel”, and depends on the market factors, not grant advertising. The Ministry of Trade has announced the provision of grants through the US Company’s Disc Act, “BAE Systems PLC” and Microchip Technology Inc, to establish facilities in New Hampshire, Oregon and Colorado.
Biden is granting “Intel” 10 billion dollars to restore the dominance of chips
