Intel to Invest $100 Billion in U.S. Chipmaking with $8.5 Billion Subsidy from CHIPS and Science Act of 2022

Chandler, Arizona, Arizona United States of America
CHIPS and Science Act of 2022 allocated $39 billion in subsidies for U.S competitiveness in semiconductors
Intel to receive $8.5 billion subsidy from CHIPS and Science Act of 2022
Intel will invest over $100 billion to expand domestic chipmaking capacity
Intel to Invest $100 Billion in U.S. Chipmaking with $8.5 Billion Subsidy from CHIPS and Science Act of 2022

The CHIPS and Science Act of 2022 has allocated $39 billion in subsidies to boost U.S. competitiveness in semiconductors, with Intel receiving the largest share at approximately $8.5 billion for its facilities in Arizona, New Mexico, Ohio and Oregon.

Intel CEO Pat Gelsinger announced that the company will invest over $100 billion in the U.S. over five years to expand domestic chipmaking capacity and other capabilities that are critical to economic and national security.

the funding for Intel is expected to create approximately 30,000 jobs nationwide in construction and manufacturing.



Confidence

100%

Doubts
  • None

Sources

82%

  • Unique Points
    • Intel will receive about $20 billion in federal subsidies under the CHIPS and Science Act to advance semiconductor manufacturing projects in four U.S. states.
    • The funding will support Intel's previously announced plans to invest over $100 billion in the U.S. over five years to expand domestic chipmaking capacity and other capabilities that are critical to economic and national security.
    • Intel CEO Pat Gelsinger said,
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains several fallacies. The author uses an appeal to authority by stating that the CHIPS and Science Act was approved on a bipartisan basis in 2022 without providing any evidence or context for this claim. Additionally, the author makes a false dichotomy when they state that Intel's chips will be 'the most advanced chips in the world', as people measure these, these will be below 2 nanometer chips which are advanced beyond those made by Taiwan and other semiconductor sector leaders. This statement is not supported by any evidence or context provided in the article.
    • The CHIPS and Science Act was approved on a bipartisan basis in 2022.
  • Bias (80%)
    The article contains several examples of bias. Firstly, the author uses language that dehumanizes China by referring to it as a rogue province and implying that conflict with it is imminent. This is an example of religious bias as many people in the US hold strong anti-communist views which are often linked to religion. Secondly, there are several instances where the author uses language that demonises Taiwan's semiconductor industry by referring to it as centralised and risky due to its close ties with China. This is an example of political bias as many people in the US hold strong anti-communist views which often lead them to view Taiwan positively. Thirdly, there are several instances where the author uses language that demonises China's semiconductor industry by referring to it as a threat and implying that it needs to be diversified. This is an example of ideological bias as many people in the US hold strong anti-communist views which often lead them to view Taiwan positively and see China negatively.
    • Many people in the US hold strong anti-communist views which are often linked to religion
      • Referring to Taiwan's semiconductor industry as centralised and risky due to its close ties with China
        • The Chinese Communist Party regards it (Taiwan) as a rogue province
        • Site Conflicts Of Interest (50%)
          Eric Revell has a conflict of interest on the topics of Intel and semiconductor manufacturing as he is reporting for Fox Business. The article mentions that GlobalFoundries received $1.5 billion in federal subsidies from the Commerce Department and Treasury Department to expand its operations, which could be seen as a potential financial gain for Revell's employer.
          • The article mentions Eric Revell reporting on Intel plans to invest billions of dollars in US building spree thanks to billions in federal chip subsidies.
          • Author Conflicts Of Interest (50%)
            None Found At Time Of Publication

          81%

          • Unique Points
            • President Joe Biden announced that Intel will receive billions of dollars as part of a landmark industrial policy.
            • The grant is the largest award to be made from the bipartisan CHIPS and Science Act of 2022, which directed $39 billion in subsidies to boost U.S. competitiveness in semiconductors.
            • Intel will invest over $100 billion across the country, creating approximately 30,000 jobs nationwide in construction and manufacturing.
          • Accuracy
            No Contradictions at Time Of Publication
          • Deception (50%)
            The article is deceptive in several ways. Firstly, the author claims that Intel will invest $100 billion across the country but fails to mention where this investment will come from or if it has already been committed. Secondly, the author quotes Pat Gelsinger as saying that Intel's new projects are expected to create 30,000 jobs nationwide in construction and manufacturing but does not provide any evidence of these job figures. Thirdly, the article mentions Shawn Fain endorsing Biden after months of delay over concerns about union labor but fails to mention what those concerns were or if they have been addressed. Finally, the author quotes Ruben Gallego claiming credit for the Intel award without providing any context on how he was involved in securing it.
            • The article mentions Shawn Fain endorsing Biden after months of delay over concerns about union labor but fails to mention what those concerns were or if they have been addressed. This is a deceptive statement as it implies that the author has not provided any context on why Fain endorsed Biden, which could be misleading.
            • The author quotes Pat Gelsinger as saying that Intel's new projects are expected to create 30,000 jobs nationwide in construction and manufacturing but does not provide any evidence of these job figures. This is a deceptive statement as there is no proof of these jobs being created or committed.
            • The article quotes Ruben Gallego claiming credit for the Intel award without providing any context on how he was involved in securing it. This is a deceptive statement as there may have been other factors that contributed to the Intel award and this author's involvement should not be overstated.
            • The article claims that Intel will invest $100 billion across the country but fails to mention where this investment will come from or if it has already been committed. This is a deceptive statement as there is no evidence of these funds being available or committed.
          • Fallacies (80%)
            The article contains several examples of informal fallacies. The author uses an appeal to authority by citing President Biden's statement that Intel will create 30,000 jobs nationwide in construction and manufacturing. This is not a factual claim and cannot be proven true or false. Additionally, the author quotes Shawn Fain, president of the United Auto Workers (UAW), who accuses Biden of not doing enough to protect their interests as he sought a quick political win by signing an enforceable agreement allowing workers to form a union at Intel. This is also not a factual claim and cannot be proven true or false. The author also uses inflammatory rhetoric when they describe the UAW's statement as
            • President Biden used an appeal to authority by stating that Intel will create 30,000 jobs nationwide in construction and manufacturing.
            • <p>Shawn Fain accused President Biden of not doing enough to protect their interests as he sought a quick political win by signing an enforceable agreement allowing workers to form a union at Intel.</p>
          • Bias (85%)
            The article is biased towards President Biden and his efforts to boost the semiconductor industry in Arizona. The author uses quotes from politicians who are aligned with the Democratic party to support their argument that Biden's actions will create jobs and help pave the way for his reelection. However, they also use quotes from Republicans who criticize him for not doing enough to protect their interests, which creates a false sense of balance in the article.
            • We will enable advanced semiconductor manufacturing to make a comeback here in America after 40 years.
            • Site Conflicts Of Interest (100%)
              None Found At Time Of Publication
            • Author Conflicts Of Interest (0%)
              None Found At Time Of Publication

            63%

            • Unique Points
              • . The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities.
              • . President Biden said the money will help semiconductor manufacturing make a comeback in the US after 40 years.
              • . The money for Intel comes from the $9 billion set aside by the 2022 CHIPS and Science Act, to build chip factories.
              • . The administration's goal? For 20% of the world's leading-edge semiconductor chips to be made on American soil by 2030.
            • Accuracy
              No Contradictions at Time Of Publication
            • Deception (30%)
              The article is deceptive in several ways. Firstly, the title implies that America can win the chips manufacturing race when it currently makes zero of the world's leading-edge semiconductor chips and wants to make a fifth by 2030. Secondly, President Biden claims that he has awarded $8.5 billion dollars to Intel for semiconductor factories in Arizona, Ohio, New Mexico, and Oregon when it is actually only $17 billion from the CHIPS Act of 2021.
              • President Biden claims that he has awarded $8.5 billion dollars to Intel for semiconductor factories in Arizona, Ohio, New Mexico, and Oregon when it is actually only $17 billion from the CHIPS Act of 2021.
              • The title implies that America can win the chips manufacturing race when it currently makes zero of the world's leading-edge semiconductor chips and wants to make a fifth by 2030.
            • Fallacies (85%)
              None Found At Time Of Publication
            • Bias (85%)
              None Found At Time Of Publication
            • Site Conflicts Of Interest (50%)
              None Found At Time Of Publication
            • Author Conflicts Of Interest (0%)
              The article discusses the CHIPS and Science Act which includes $20 billion in new grants and loans to support Intel's US chip-making facilities. The author also mentions that Intel received $8.5 billion dollars for semiconductor factories in Arizona, Ohio, New Mexico, and Oregon.
              • The article discusses the CHIPS and Science Act which includes $20 billion in new grants and loans to support Intel's US chip-making facilities.

              80%

              • Unique Points
                • , and Louisiana Attorney General Jeff Landry visit Café du Monde in New Orleans, July 25, 2023.
                • President Joe Biden and Trump both unofficially sewed up their parties' nominations last week
              • Accuracy
                No Contradictions at Time Of Publication
              • Deception (100%)
                None Found At Time Of Publication
              • Fallacies (0%)
                The article contains an appeal to authority fallacy. The author states that President Joe Biden and Donald Trump have sewn up their party nominations with little opposition on Louisiana's primary ballot.
                • President Joe Biden has sewed up his party nomination in Louisiana with little opposition.
              • Bias (100%)
                None Found At Time Of Publication
              • Site Conflicts Of Interest (100%)
                None Found At Time Of Publication
              • Author Conflicts Of Interest (0%)
                None Found At Time Of Publication

              75%

              • Unique Points
                • Intel has announced a $36 billion investment in Oregon as part of a larger $100 billion spending plan across four states.
                • `The Silicon Forestg spending and federal investments by Intel will expand and modernize its technology development facilities in Hillsboro, supporting the development and production of future process nodes.
                • Oregon Democratic leaders have expressed support for the investment, which they believe will create sustainable, family-wage jobs and keep Hillsboro's Gordon Moore Park at the forefront of innovation.
                • Intel has invested $59 billion in its Hillsboro facilities to date, and this new funding is expected to build on those investments.
              • Accuracy
                • `The Silicon Forestbspending and federal investments by Intel will expand and modernize its technology development facilities in Hillsboro, supporting the development and production of future process nodes.
              • Deception (50%)
                The article is deceptive in several ways. Firstly, the title of the article implies that Intel has announced a $36 billion investment in Hillsboro when it only mentions that they will spend $36 billion on modernizing and expanding their research and development hub there.
                • The title of the article is deceptive as it suggests an investment announcement but does not mention any specifics about what Intel plans to invest in.
              • Fallacies (100%)
                None Found At Time Of Publication
              • Bias (100%)
                None Found At Time Of Publication
              • Site Conflicts Of Interest (50%)
                None Found At Time Of Publication
              • Author Conflicts Of Interest (50%)
                Rob Manning has a conflict of interest on the topics of Intel and Hillsboro as he is reporting on an investment made by Intel in its research and development hub in Hillsboro. The article mentions that Oregon Democratic leaders including Gov. Tina Kotek, Sens. Ron Wyden and Jeff Merkley, Rep. Suzanne Bonamici were pleased with the federal investment turning into spending on Intel's campus.
                • Rob Manning is reporting on an investment made by Intel in its research and development hub in Hillsboro.