October 3, 2023 /SemiMedia/ -- Intel recently stated that it plans to invest more than $20 billion to build two new cutting-edge chip factories in Ohio, USA.

Industry insiders pointed out that according to the United States’ Chip and Science Act, Intel’s investment will receive semiconductor subsidy funds from the U.S. government.

The U.S. Department of Commerce also recently stated that more than 470 companies have expressed their hope to obtain semiconductor subsidy funds from the U.S. government.