The U.S. government is set to invest $3.5 billion in Intel to boost the production of advanced chips for military and intelligence purposes, reports Bloomberg. The payment could be a part of a rumored total incentive package exceeding $10 billion from the U.S. CHIPS and Science Act (encompassing both grants and loans) or could be a part of the proposed Secure Enclave project that is designed for military and intelligence chips and is funded separately.
The investment involves funding the Secure Enclave program for three years and is poised to make Intel a leading semiconductor player in the defense market. This program is designed to enhance the security and reliability of the supply chain for semiconductors used in military and intelligence applications. The funding is reportedly drawn from the broader CHIPS and Science Act grant pool, though it is unclear whether this is part of Intel's rumored $10 billion grants and loans.
