Project Traits
State: Arizona
Congressional District: AZ04
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Industry
Energy Subsector: Commercial
Project Start Year: 2024
Project Launch Year: Unknown
Government Support Received: Federal Grant [BIL, IRA, the CHIPS and Science Act and the American Rescue Plan] for $8,500,000,000
Outcomes & Impacts
Private Investment: $20,000,000,000
Jobs Announced or Created: Unknown
People Served: Unknown
Projected Economic Impact: Unknown
Arizona has received or is slated to get $15.4 billion in federal funding under various initiatives, including the Bipartisan Infrastructure Law, the Inflation Reduction Act, the CHIPS and Science Act, and the American Rescue Plan. Corporations and businesses have pledged $120.9 billion in related investments, primarily in semiconductor manufacturing facilities. Notably, Intel plans to invest $20 billion in Chandler.
Intel is in line to receive $8.5 billion in direct federal grants, as Biden announced in March.
The company could also get several billions of dollars worth of low-rate loans.