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Commerce Department awards Intel $7.86 billion

By: Theresa McKinlay//November 26, 2024//

A crane sits above the Intel Ohio One construction site in Licking County, Ohio, in September. (Photo courtesy of Intel Corp.)

Commerce Department awards Intel $7.86 billion

Theresa McKinlay//November 26, 2024//

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The U.S. Department of Commerce has awarded Corp. $7.86 billion for its commercial semiconductor manufacturing projects under the U.S. CHIPS and Science Act.

The award supports Intel’s previously announced plans to advance semiconductor manufacturing and advanced packaging projects at its sites in Oregon, Arizona, New Mexico and Ohio. Intel also plans to claim the U.S. Treasury Department’s Investment Tax Credit, which is expected to be up to 25 percent of qualified investments of more than $100 billion.

鈥淲ith Intel 3 already in high-volume production and Intel 18A set to follow next year, leading-edge semiconductors are once again being made on American soil,鈥 Pat Gelsinger, CEO of Intel, said in a news release.

Since the passage of the CHIPS and Science Act more than two years ago, Intel has announced plans to invest more than $100 billion in the U.S. to expand chipmaking and advanced packaging capacity and capabilities critical to economic and national security.

In Oregon, Intel plans to invest more than $36 billion in Hillsboro, which will enable the company to deliver industry-leading process technology beyond 2025. The new funding will support Intel’s plans to modernize its technology development facilities to support the development and production of future process nodes.

Intel’s programs and partnerships in Oregon include:

  • National Science Foundation: Intel committed $50 million toward a $100 million partnership with the NSF to expand semiconductor-related education across the country, including in Oregon.
  • K-12: Intel engages local K-12 schools and community colleges to build a STEAM education pipeline.
  • Engineers Week: Since 2018, Intel has partnered with Portland Metro STEM to host two days of hands-on learning in Beaverton and Hillsboro fourth grade classrooms, reaching more than 2,200 students, to teach about the design-thinking engineering process.
  • Junior Achievement: Intel partners with Junior Achievement to provide hands-on learning opportunities to students in Oregon. A discovery center will provide experiential learning for work readiness and personal finance to students from fourth grade through high school in Clatsop, Columbia, Tillamook and Washington counties.
  • Quick Start: Intel collaborates with Worksystems, Portland Community College, Worksource, Washington County and the City of Hillsboro through the two-week Quick Start program that includes accelerated career preparation and hands-on learning for future technicians. The program aims to increase opportunity for underrepresented groups and women in the field. As of October 2024, 27 Quick Start classes have finished, with more than 200 graduates hired from the program.
  • AI for Workforce: This program has expanded into Oregon at Umpqua Community College to create a pathway for AI mechanics and technicians in a virtual setting. Intel is collaborating with faculty at Portland Community College to bring the program to their schools.
  • Microelectronics: Intel partners with Portland Community College on a microelectronics program.


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