Intel has said that the grants will determine how quickly it progresses with expansion projects, including a planned facility in Ohio that would be the world’s largest. Overseas chipmakers such as Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co also are expected to get a portion of the funds, helping them pay for factories in the US.
The US is aiming to announce major chip grants by the end of March, people familiar with the plans said, paving the way to send billions of dollars to semiconductor makers in a bid to supercharge domestic production.
The awards — slated to go to Intel Corp and other chipmakers — are a central piece of the 2022 Chips and Science Act, which set aside US$39 billion ($52.38 billion) in direct grants to revitalise US manufacturing.
