March 2024
Intel was awarded $8.5 billion in funding, the most of any CHIPS Act allocations to date. Intel expects to use the money to advance its commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon. The company also said the funds would create more than 10,000 company jobs and nearly 20,000 construction jobs, and would support more than 50,000 indirect jobs with suppliers and supporting industries.
February 2024
NSTC in Albany, NY was promised more than $5 billion in funding. The NSTC is a public-private partnership that will perform research on next-generation semiconductor technologies by supporting the design, prototyping, and piloting of the latest semiconductor technologies.
GlobalFoundries, in Malta, N.Y. and Essex Junction, VT. (GF) is expected to receive about $1.5 billion to help them expand and create new manufacturing capacity and capabilities for automotive, IoT, aerospace, defense, and other markets. GF’s chips are used in everything from blind spot detection and collision warnings in cars, to smartphones and electric vehicles that last longer between charges, to secure and reliable Wi-Fi and cellular connections.
