Intel and the United States Department of Commerce announced on Wednesday that they had inked a preliminary agreement under which Intel will receive $8.5 billion in direct funding under the CHIPS and Science Act. Furthermore, Intel is being made eligible for $11 billion in low-interest loans under the same law, and is being given access to a 25% investment tax credit on up to $100 billion of capital expenditures over the next five years. The funds from the long-awaited announcement will be used to expand or build new Intel's semiconductor manufacturing plants in Arizona, New Mexico, Ohio, and Oregon, potentially creating up to 30,000 jobs. "Today is a defining moment for the U.S. and Intel as we work to power the next great chapter of...

Graphcore Series E Funding: $710m Total, $440m Cash-in-Hand

For those that aren’t following the AI industry, one of the key metrics to observe for a number of these AI semiconductor startups is the amount of funding they...

12 by Dr. Ian Cutress on 1/4/2021

NUVIA Completes Series B Funding Round: $240M

One of the more interesting startups of late is NUVIA, with promises of a new Arm-based processor for the datacenter to rival the x86 dominance of AMD and Intel...

21 by Dr. Ian Cutress on 9/24/2020

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