Newsletter IconFacebook IconX IconThreads IconInstagram IconYouTube IconPinterest Icon
Giveaway: Win an Ocypus Sigma L36 PRO 360mm AIO and Sigma F36 ARGB Fan

Intel in a nutshell: hey President Biden, where's our USA fab money?

Intel hasn't received their 'staggeringly large' subsidies to build semiconductor fabs in the US, new FOIA requests show.

Comments
Published
Updated
1 minute & 30 seconds read time

The Biden administration is in some hot water, with claims of Intel receiving "staggeringly large" subsidies to build semiconductor fabs in the USA -- but it seems that the Biden administration isn't sending over that money just yet.

Intel in a nutshell: hey President Biden, where's our USA fab money? 03

According to new FOIA requests submitted by Sam Reynolds on behalf of our friends over at Wccftech, there are "no records or documents suggesting that Intel is getting any government money. TSMC, on the other hand, is receiving support from Arizona - although this is unrelated to the CHIPS Act".

Popular Now: Redditor sends a gaming laptop with 64GB RAM for repair, comes back with 32GB RAM

Intel is keen to get semiconductor foundries built on US soil, a move that would drastically boost domestic supply of chips -- with Intel reportedly set to receive 10-digit ($1 billion to $9 billion... a "staggering large" number indeed) in subsidies from the US government. This money isn't coming over, and through the new FOIA requests we still have no idea when it will start flowing into Intel.

Intel's freshly minted CEO Pat Gelsinger has met with President Biden, but it hasn't shifted the needle at all -- Wccftech notes that there is "no formal legislative proposals for money directed towards Intel". This pushed Wccftech to run a few Freedom of Information Act (FOIA) requests to see what Washington was doing.

Reynolds explains after receiving the replies to his FOIA requests that "there was nothing".

Not only is Intel dry on its promised subsidies from the Biden administration, but the Semiconductor Industry Association -- the lobby group for "Big Silicon" in DC -- has been proposing to lawmakers how the companies it represents might spend that money... it hasn't so far as the money isn't flowing.

You can read the entire story over at Wccftech.

Photo of the Intel Core i9-11900K Desktop Processor

Best Deals: Intel Core i9-11900K Desktop Processor

Prices last scanned 7 hours and 35 minutes ago

* Prices may be inaccurate. As an Amazon Associate, we earn from qualifying purchases. We earn affiliate commission from any Newegg or PCCG sales.

News Sources:wccftech.com and wccftech.com

Comments

Stay Updated

Follow TweakTown for breaking tech news, reviews, and daily updates.

Add TweakTown as a preferred source on GoogleFind TweakTown on Apple News
Newsletter Subscription