Proposed funding, coupled with an investment
tax credit and eligibility for CHIPS Act loans, would help Intel
advance American semiconductor manufacturing and technology
leadership in the AI era.
NEWS HIGHLIGHTS
- U.S. Department of Commerce has proposed up to $8.5 billion in
direct funding through the CHIPS and Science Act to advance Intel’s
commercial semiconductor projects in Arizona, New Mexico, Ohio and
Oregon.
- Intel also expects to benefit from a U.S. Treasury Department
Investment Tax Credit (ITC) of up to 25% on more than $100 billion
in qualified investments and eligibility for federal loans up to
$11 billion.
- Proposed funding supports Intel’s previously announced plans to
invest more than $100 billion in the U.S. over five years to expand
U.S. chipmaking capacity and capabilities critical to economic and
national security and acceleration of emerging technologies, such
as AI.
- Intel’s investments are expected to create more than 10,000
company jobs and nearly 20,000 construction jobs, and to support
more than 50,000 indirect jobs with suppliers and supporting
industries.
The Biden-Harris Administration announced today that Intel and
the U.S. Department of Commerce have signed a non-binding
preliminary memorandum of terms (PMT) for up to $8.5 billion in
direct funding to Intel for commercial semiconductor projects under
the CHIPS and Science Act.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240319997902/en/
Accompanied by construction crews on Oct.
12, 2023, Intel CEO Pat Gelsinger tours the company's two new
fabrication plants being built in Chandler, Arizona. The new
factories on the company's Ocotillo campus are part of Intel's
multibillion-dollar global manufacturing build-out, which includes
new or expanded facilities in Oregon, New Mexico, Ohio, Malaysia,
Ireland, Poland, Israel and Germany. (Credit: Intel
Corporation)
CHIPS Act funding aims to increase U.S. semiconductor
manufacturing and research and development capabilities, especially
in leading-edge semiconductors. Intel is the only American company
that both designs and manufactures leading-edge logic chips. The
proposed funding would help advance Intel’s critical semiconductor
manufacturing and research and development projects at its sites in
Arizona, New Mexico, Ohio and Oregon, where the company develops
and produces many of the world’s most advanced chips and
semiconductor packaging technologies.
“Today is a defining moment for the U.S. and Intel as we work to
power the next great chapter of American semiconductor innovation,”
said Intel CEO Pat Gelsinger. “AI is supercharging the digital
revolution and everything digital needs semiconductors. CHIPS Act
support will help to ensure that Intel and the U.S. stay at the
forefront of the AI era as we build a resilient and sustainable
semiconductor supply chain to power our nation’s future.”
Press Kit: U.S. CHIPS Act Funding for Intel
Together, the CHIPS Act proposed funding and Intel’s previously
announced plans to invest more than $100 billion in the U.S. over
five years constitute one of the largest public-private investments
ever made in the U.S. semiconductor industry. The historic
investment will create thousands of new company positions and
construction jobs, foster U.S.-based R&D, strengthen U.S.
supply chains, and help ensure American leadership in leading-edge
semiconductor manufacturing and technology capabilities.
Today’s announcement demonstrates the U.S. government’s
confidence in Intel’s leadership and commitment to expanding U.S.
chipmaking capacity and capabilities. It is an investment in
America’s technology future, bringing innovation, opportunity and
jobs to America.
“There is no one who cares more about revitalizing American
manufacturing than President Biden, and today’s announcement is a
massive step towards ensuring America’s leadership in manufacturing
for the 21st century. With this agreement, we are helping to
incentivize over $100 billion in investments from Intel – marking
one of the largest investments ever in U.S. semiconductor
manufacturing, which will create over 30,000 good-paying jobs and
ignite the next generation of innovation,” said U.S. Secretary of
Commerce Gina Raimondo. “This announcement is the culmination of
years of work by President Biden and bipartisan efforts in Congress
to ensure that the leading-edge chips we need to secure our
economic and national security are made in the U.S.”
Under the PMT, Intel would also have the option to draw upon
federal loans of up to $11 billion. Intel also plans to claim the
U.S. Treasury Department’s Investment Tax Credit (ITC), which is
expected to be up to 25% of qualified investments of more than $100
billion over five years. The PMT provides that the direct funding
award and federal loans are subject to due diligence and
negotiation of a long-form term sheet and award documents, and are
conditional on the achievement of certain milestones and remain
subject to availability of funds.
Technology Leadership
Intel's strategy is centered on three core elements –
establishing process technology leadership, building a more
resilient and sustainable global semiconductor supply chain, and
creating a world-class foundry business – all of which align with
the objectives of the CHIPS Act to promote semiconductor
manufacturing and technology leadership in the United States.
In addition to its significant investments to expand U.S.
manufacturing capacity, Intel is on track to deliver five
semiconductor process nodes in four years and expects to return to
process technology leadership by 2025 with Intel 18A. Intel
recently announced an extended process technology roadmap that adds
the more-advanced Intel 14A to the company’s leading-edge node
roadmap, in addition to several specialized node evolutions.
Systems Foundry for the AI Era
Intel Foundry brings together Intel’s Technology Development,
Global Manufacturing and Supply Chain, and foundry customer service
and ecosystem operations, enabling all the critical components
customers need to design and manufacture chips for a new era of
AI-driven computing. As the world’s first systems foundry for the
AI era, Intel Foundry offers full-stack optimization from the
factory network to software, and enables customer readiness for
Intel process and packaging designs with broad intellectual
property and electronic design automation support from ecosystem
partners.
U.S. Manufacturing and R&D Investments
Intel is dedicated to advancing U.S. efforts to regain its
leadership position in this vital industry through its investments
to expand chipmaking capabilities and capacity. CHIPS Act proposed
funding would support Intel’s investments in Arizona, the Silicon
Desert; New Mexico, the Silicon Mesa; Ohio, the Silicon Heartland;
and Oregon, the Silicon Forest.
- Arizona: Intel’s U.S. Manufacturing Powerhouse (Silicon Desert
fact sheet)
- New Mexico: Intel’s U.S. Advanced Packaging (Silicon Mesa fact
sheet)
- Ohio: Intel’s New Leading-Edge Manufacturing Site (Silicon
Heartland fact sheet)
- Oregon: The Heart of Intel’s Semiconductor R&D (Silicon
Forest fact sheet)
Intel was founded in the U.S. and has been innovating, investing
and supporting global semiconductor manufacturing and R&D for
more than 50 years. Intel currently employs nearly 55,000 people in
the U.S., indirectly supports over 720,000 American jobs and
contributes more than $102 billion annually to U.S. GDP. With
support from the CHIPS Act funding, Intel’s planned U.S.
investments are expected to create more than 10,000 new permanent
jobs at Intel and nearly 20,000 construction jobs, and they will
indirectly support more than 50,000 jobs with suppliers and
supporting industries.
Semiconductor Talent and Sustainable Manufacturing
To meet the growing demand for future semiconductor talent,
Intel is driving innovative partnerships with government and
academia to create a robust and diverse ecosystem of skilled
semiconductor talent critical to the success of the entire
semiconductor industry and the U.S. economy. Intel announced a $100
million investment in 2022 to expand semiconductor education,
research and workforce training opportunities across the nation.
This investment includes a $50 million partnership with the
National Science Foundation and $50 million to fund the
Semiconductor Education and Research Program (SERP) for Ohio – a
collaborative, multi-institution program designed to directly
support Intel’s investments in the Silicon Heartland.
Intel recognizes that resilient supply chains must also be
sustainable, and the company is committed to becoming the
industry’s most sustainable semiconductor foundry. Intel currently
uses 100% renewable electricity in fabs and other operations in the
U.S. and recently redoubled its commitment to achieve 100%
renewable electricity worldwide by 2030. In addition, Intel has
aggressive goals of achieving net-positive water and zero waste to
landfills by 2030, net-zero Scope 1 and 2 greenhouse gas (GHG)
emissions by 2040 and net-zero upstream Scope 3 emissions by 2050.
On March 19 and 20, Intel convened more than 100 companies across
its value chain, along with nongovernmental organizations (NGOs)
and representatives from government and academia, for a global
Intel Sustainability Summit focused on defining a united approach
to lower the industry’s collective environmental footprint.
More: Intel CEO Pat Gelsinger leads an event to celebrate
Intel’s CHIPS and Science Act direct funding announcement at 10:15
a.m. PDT today. View a livestream on the Intel Newsroom.
Forward-Looking Statements
This release contains forward-looking statements, including with
respect to Intel’s:
- expected benefits under the CHIPS and Science Act, including
with respect to direct funding and loans;
- expectations as to ITC benefits and the qualification of
Intel’s investments for the ITC;
- business plans and strategy and anticipated benefits
therefrom;
- future products, services, and technologies and expectations
regarding product and process leadership;
- investment plans and impacts of investment plans, including
manufacturing capacity expansion plans and additional jobs expected
to be created;
- plans and goals related to Intel Foundry;
- AI strategy and capabilities;
- future social and environmental performance goals, measures,
strategies, and results; and
- other characterizations of future events or circumstances.
Such statements involve many risks and uncertainties that could
cause our actual results to differ materially from those expressed
or implied, including those associated with:
- the high level of competition and rapid technological change in
our industry;
- the significant long-term and inherently risky investments we
are making in R&D and manufacturing facilities that may not
realize a favorable return;
- the complexities and uncertainties in developing and
implementing new semiconductor products and manufacturing process
technologies;
- our ability to time and scale our capital investments
appropriately and successfully secure favorable alternative
financing arrangements and government grants;
- implementing new business strategies and investing in new
businesses and technologies;
- changes in demand for our products;
- macroeconomic conditions and geopolitical tensions and
conflicts, including geopolitical and trade tensions between the
U.S. and China, the impacts of Russia's war on Ukraine, tensions
and conflict affecting Israel, and rising tensions between mainland
China and Taiwan;
- the evolving market for products with AI capabilities;
- our complex global supply chain, including from disruptions,
delays, trade tensions and conflicts, or shortages;
- product defects, errata, and other product issues, particularly
as we develop next-generation products and implement
next-generation manufacturing process technologies;
- potential security vulnerabilities in our products; increasing
and evolving cybersecurity threats and privacy risks;
- IP risks including related litigation and regulatory
proceedings;
- the need to attract, retain, and motivate key talent;
- strategic transactions and investments;
- sales-related risks, including customer concentration and the
use of distributors and other third parties;
- our significantly reduced return of capital in recent
years;
- our debt obligations and our ability to access sources of
capital;
- complex and evolving laws and regulations across many
jurisdictions;
- fluctuations in currency exchange rates;
- changes in our effective tax rate;
- catastrophic events;
- environmental, health, safety, and product regulations;
- our initiatives and new legal requirements with respect to
corporate responsibility matters; and
- other risks and uncertainties described in this release, our
most recent Annual Report on Form 10-K and our other filings with
the U.S. Securities and Exchange Commission (SEC).
All information in this press release reflects Intel management
views as of the date hereof unless an earlier date is specified.
Intel does not undertake, and expressly disclaims any duty, to
update such statements, whether as a result of new information, new
developments, or otherwise, except to the extent that disclosure
may be required by law.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240319997902/en/
William Moss 1-650-521-1754 william.moss@intel.com
Intel (NASDAQ:INTC)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Intel (NASDAQ:INTC)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024