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Intel Reportedly Close to Receiving $3.5 Billion Investment for US Military Chip Solutions

T0@st

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The US government is reported to be preparing a very healthy $3.5 billion investment in Intel Corporation—a mid-week published Bloomberg article proposes that the White House has authored a new "fast-moving spending bill." Congressional aides believe that Team Blue—upon official approval/signing off of funds—will be tasked with the production of advanced semiconductors for military and intelligence programs. Bloomberg posits that the resources will be sourced from a "Secure Enclave" project, seemingly linking to a wider tranche of funds within the US government's CHIPS and Science Act. The agreement/contract is expected to run over a period of three years. According to Bloomberg: "the Senate is expected to pass the legislation by a Saturday (March 9) deadline."

Reports from last November suggested that Intel leadership and US government representatives had engaged in negotiations regarding funds for military and intelligence chip applications—the construction costs for new manufacturing facilities were estimated to be in the $3 billion to $4 billion range. A Commerce Department statement was submitted to Bloomberg, but they only commented on an overall $10 billion budget: "We are still reviewing the effect of the appropriations text on the program...(we look) forward to continuing to work with Congress on implementing the Chips and Science Act in a manner the promotes our economic and national security." TSMC, Micron and Samsung are expected to receive "multi-billion-dollar awards" in the near future—these multinational corporations will assist in a bolstering of North American chip manufacturing capabilities.



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Meh.... a few billion here, a few billion there...

When you are already running a deficit in the TRILLIONS $$, this is just a drop in the bucket, and unfortunately, won't be nearly enough to solve the problem of our techno-deficit any time soon :)
 

Space Lynx

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USA really needs to cut spending across all sectors and create a wealth tax and a stock market transaction tax, and 100% of all of that goes to bringing down the debt. We are playing a dangerous game, but both parties kick the can down the road, so there is no one to vote for in this matter. lol
 
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We shouldn't give Intel one dime.
 
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Hi,
This is just another payment so nothing to see here it is a hardware as a service plan :laugh:
 
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