Plan to Save Chip Factory?US mulls over $10 billion in subsidies for Intel
Hawk_Finance
2024-02-18 18:04:57
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February 18 news, according to people familiar with the matter to the media, the U.S. Biden administration is negotiating to provide more than $10 billion in subsidies to Intel Corporation。If this subsidy falls, Intel will be the biggest beneficiary of the U.S. Chip Act subsidy。The negotiations are said to be ongoing, and the Biden administration's subsidy package for Intel could include loans and direct grants that would subsidize Intel in proportion。In addition, TSMC's plan to build a plant may also be incentivized after the U.S. Department of Commerce pushes ahead with subsidies - TSMC has also applied for U.S. government subsidy funds and construction of its chip plant in Arizona has been delayed。Micron and Samsung Electronics are also building new chip plants in the United States and have applied for the subsidy program。
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