Intel announced that it has agreed to receive subsidies of up to 1.3 trillion yen from the US government
Intel and Biden Admin Announce up to $8.5 Billion in Direct Funding…
🟦 Intel Acquires 1.3 Trillion Yen Subsidy from U.S. Government to Expand Domestic Semiconductor Production
The U.S. government will support the expansion of semiconductor manufacturing capabilities in the U.S. by providing subsidies of up to 8.5 billion dollars (about 1.3 trillion yen) and loans of up to 11 billion dollars (about 1.6 trillion yen) to Intel. Intel plans to build state-of-the-art logic semiconductor factories and renovate existing factories at its four sites in Arizona, Ohio, New Mexico and Oregon. With this investment, Intel plans to create 30,000 jobs and more than double its semiconductor production capacity in the United States.
Intel’s investment plans for the subsidy are as follows.
- Arizona: Building a State-of-the-Art Logic Semiconductor Factory
- Ohio: Building a State-of-the-Art Logic Semiconductor Factory
- New Mexico: Renovation of existing plants and conversion of advanced packaging facilities
- Oregon: Improving Cleanroom Capacity
🟦The largest payment to Intel under the CHIPS Act
In response to the semiconductor shortage in recent years, the U.S. government is working to strengthen its semiconductor supply network. Intel is one of the world’s most advanced semiconductor manufacturing companies, and its investment is expected to not only be significant for the U.S. semiconductor industry, but also contribute to the growth of the U.S. economy as a whole. In addition to this investment in Intel, the U.S. government is also considering subsidies for other semiconductor companies, such as TSMC. The investment in Intel is likely to be the largest payment of the semiconductor subsidy CHIPS Act created by the Biden administration.
🟦Summary
Intel announced that it has agreed to receive subsidies of up to 1.3 trillion yen from the US government. Intel plans to receive subsidies to significantly expand its semiconductor production capacity in the United States.
It is not surprising that the U.S. government subsidizes Intel, a U.S. company with advanced technology. Japan government would like to consider investing in Japan companies with advanced technologies, but it is difficult because there are no such companies at present.
