Intel—Intel finalized $7.86B CHIPS Act award for US semiconductor manufacturing expansion
On November 26, 2024, Intel and the U.S. Department of Commerce finalized a $7.86 billion direct funding award under the CHIPS and Science Act for commercial semiconductor manufacturing projects in Arizona, New Mexico, Ohio, and Oregon. The investment supports over 10,000 company jobs, nearly 20,000 construction jobs, and 50,000+ indirect jobs. The award includes $65 million for workforce development, $5 million for childcare near facilities, and $4 million for Intel's participation in the CHIPS Women in Construction Framework to expand participation of women and economically disadvantaged individuals.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| DEI Programs | +toward | contextual | +0.20 |
| Worker Rights | +toward | secondary | +0.50 |
| Overall incident score = | +0.413 | ||
Score = avg(topic contributions) × significance (critical ×2) × confidence (0.59)
Evidence (1 signal)
Intel and Department of Commerce finalized $7.86B CHIPS Act funding agreement
On November 26, 2024, Intel and the U.S. Department of Commerce finalized a $7.86 billion direct funding award under the CHIPS and Science Act. The award supports semiconductor manufacturing projects in Arizona, New Mexico, Ohio, and Oregon, creating over 10,000 company jobs, 20,000 construction jobs, and 50,000+ indirect jobs. Includes $65 million for workforce development and $5 million for childcare near Intel facilities.