Biden-Harris Administration Announces CHIPS Incentives Award with Intel to Advance U.S. Leading-Edge Chip Capacity and Create Tens of Thousands of Jobs

URLhttps://www.commerce.gov/news/press-releases/2024/
SourceU.S. Department of Commerce
Date Published11/26/2024

Additional Reshoring Information:

Company/Division name Intel
Parent companyIntel
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):30000
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):90,000
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredMicro-chips
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Govt. Policy and subsidies, Impact on domestic economy, Infrastructure
Government Incentive dollar amount:7,865,000,000
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