The projects are estimated to create over 10,000 manufacturing jobs and nearly 20,000 construction jobs.
The money will be used to further expand Intel’s production capabilities and help build new fabs.
Intel says it will invest $100 billion in chip manufacturing over the next five years.
It is subject to Intel reaching certain “milestones,” wrote the White House.
Two fabs in Rio Rancho, New Mexico, will be converted into advanced packaging facilities.
The CHIPS Act provides $52 billion in subsidies for domestic semiconductor production.
Raimondo said that figure stood at 0% today.
The White House announcement marks the largest CHIPS Act funding to date.
Intel CEO Pat Gelsinger said the amount was “about” what the company expected to receive.
