Intel is Poised to Unleash America’s Innovation Boom, Fueled by the…
It’s been one year since President Biden signed the CHIPS and Science Act into law, launching the most significant industrial policy initiative in a generation. In addition to the much-discussed manufacturing boom the law incentivized, we also stand on the cusp of America’s next big innovation boom.
Powered by the promises of the CHIPS Act, Intel is doubling down on research and development (R&D) that will fuel new, leading-edge chip manufacturing facilities to power today’s advanced technologies and tomorrow’s transformative innovations. Intel is also investing in much-needed workforce development programs to ensure American workers have the necessary skills and talent to out-innovate the competition and meet the long-term demand for leading-edge semiconductors.
Every day, we see firsthand how Intel’s investments are putting America back on the path to manufacturing and technology leadership, while broadening access to opportunities and supporting the next generation of innovators.
Powering Advanced Technologies and Transformative Innovations
While it is becoming exponentially more challenging to keep pace with Moore’s Law as the industry aspires to deliver 1 trillion transistors on a single device by 2030, Intel is executing on or ahead of schedule to deliver five process nodes in four years and return process technology leadership to the U.S. by 2025. And even with this progress, our industry must forge new partnerships with the government to maintain America’s technology leadership.
The CHIPS and Science Act established new semiconductor R&D programs, and as a member of the CHIPS Industrial Advisory Committee (IAC), Intel is working to make the National Semiconductor Technology Center (NSTC) and National Advanced Packaging Manufacturing Program (NAPMP) successful ventures. We urge the government to ensure that CHIPS R&D innovations created as a result of the NSTC and NAPMP lead to long-term manufacturing leadership.
Galvanizing Private-Sector Investments for Major Economic Impact
In just one year, the CHIPS and Science Act sparked more than $200 billion in private investments for U.S. semiconductor production, and more than 50 new semiconductor ecosystem projects have been announced across the U.S. Along with our ecosystem partners, Intel is helping put America back on the path to manufacturing and technological leadership, which is critical to our economic and national security.
In 2021, Intel announced more than $43.5 billion in new manufacturing investments across Arizona, New Mexico and Ohio to bolster U.S. chipmaking and R&D leadership. Since then, these investments have grown significantly, and they do not even account for our investments in domestic R&D or accelerated technology development.
Intel’s announced investments include: