The Giant Corporation of the Intel Corporation has already received $ 2.2 billion in federal grants from the US Department of Trade through the Act of Chips and US Sciences, the company shared during its call of Thursday’s profit.
Dave Zincner, Intel’s International Director General, Vice President Executive and CFO, said Silicon Valley -based company received the first $ 1.1 billion in federal grants in late 2024 and an additional $ 1.1 billion in January 2025.
These grants are based on the achievement of certain points, Zinsner added. The other $ 5.66 billion has not yet been distributed.
The company was given a total of $ 7.86 billion in federal grants to build semiconductors in the US in November as part of the US Department of Trade and Science Act. While a considerable amount, this total was less than the original estimate of $ 8.5 billion.
When Intel was given her grant money in November, the company said she was planning to put funds towards advanced production and packaging, or to techniques to raise and integrate many semiconductors into a package. This will be done at Intel facilities throughout Arizona, New Mexico, Ohio and Oregon.
The act of chips and science was signed in federal law by former President Joe Biden in 2022 in an attempt to increase the production of local semiconductors. The act set aside $ 52 billion in subsidies for internal chip producers.
While now two years old, the act of chips faces some uncertainty under Trump’s administration. If the freezing of President Donald Trump’s federal funds, which is currently being blocked by a federal judge, will come into force, it will affect the Department of Trade, employees focused on the CHIPS act, according to Bloomberg reporting.
Zinsner had a faster perspective, however. When asked by an analyst, he said that Intel has already been in communication with the Trump administration and “feels really good” about the administration’s prospect of bringing semiconductor production back to the United States.
“We look forward to continuing our engagement with the Trump administration as we advance this work and support their efforts to strengthen the technology and production of US leadership,” Zinsner said earlier in the call.
