Intel is in line to receive up to $8.5 billion in direct funding from the federal government as part of the CHIPS Act, passed in 2022. The company could also receive up to $11 billion in loans tied to the legislation. The money will help "leading-edge semiconductors made in the United States" and keep "America in the driver's seat of innovation." The CHIPS Act targeted nearly $53 billion in incentives to encourage companies to build chip factories, or fabs, in the U.S. to avoid supply disruptions.