The U.S. Dept. of Commerce announced Nov. 26 it has finalized up to $7.86 billion in direct funding from the CHIPS and Science Act for Intel's commercial semiconductor manufacturing and packaging projects under construction in Arizona, New Mexico, Ohio and Oregon.

“The CHIPS for America program will supercharge American innovation and technology and make our country more secure—and Intel is playing an important role in the revitalization of the U.S. semiconductor industry through its unprecedented investments across Arizona, New Mexico, Ohio and Oregon,” said U.S. Secretary of Commerce Gina Raimondo, in a statement. “Thanks to the leadership of President Biden and Vice President Harris, our CHIPS award is enabling Intel to drive one of the most significant semiconductor manufacturing expansions in U.S. history.”