Intel disappointed with CHIPS law: “They invested $30 billion in two years and got zero”” width=”1200″ height=”800″ class=”img-responsive itc-post-thumb”/>
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Intel CEO Disgusted With Payments Under America’s CHIPS Act. Since its adoption, the company has invested $30 billion in factories in the United States and has received no direct investment from the government.
Intel CEO Pat Gelsinger talked about this in an interview Yahoo! Finance. Slow financing hinders companies and encourages them to use other investments.
“We see the CHIPS Act as an important thing that we put a lot of energy into. As we said in the report [прибыли]we are disappointed with the time it is taking to do this: It has been more than two years since the CHIPS Act was passed, and during that time we have invested $30 billion in US manufacturing and received $0 in CHIPS grants. This is taking too long, we need to finish this.”
Since Implementation of the CHIPS Act and Science Intel began assembling chips at its plant in New Mexico and began building new factories in Arizona and Ohio. Due to lower demand for processors and the relatively slow start of the Intel Foundry as a contract manufacturer, Intel had to delay the launch of the Ohio campus for a couple of years, but the company has invested heavily made in their US facilities. It should be said that Intel received $3 billion under the Secure Enclave program to finance the production of military chips.
“However, we are working closely with the CHIPS office and engaging in a constructive way with them to achieve what we started. But I want to point that out too [CHIPS включает] subsidies and taxes [скидки] — the share of taxes is about three times greater than the share of subsidies from the CHIPS Act. At the same time, we see that this continues [как] as part of the tax law now so we can still see that benefit,” Gelsinger said.
Although Intel should get about $8.5 billion direct investment, up to $11 billion in loans and a 25% tax credit, the company still has not received that $8.5 billion As a result, Intel had to ensure that its factories could was built even without direct funding from the US government. Intel launched the Semiconductor Joint Investment Program (SCIP), which in the case of its Fab 52 and Fab 62 in Arizona means that these facilities will be managed by Intel but 49% by co-owners Brookfield Asset Management.
Pat Gelsinger is confident that Intel can complete their projects with or without CHIPS funding. “But we look forward to finishing what we started with CHIPS, the most important business policy legislation in the United States, which we are proud to be a part of.”
TSMC takes a 40% discount on Intel thanks to Pat Gelsinger’s reckless comments
Source: Tom’s Hardware
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2024-11-04 19:32:00
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