On November 26, intel announced that the usa Department of Commerce and intel have reached an agreement on related terms, and the usa Department of Commerce will provide up to $7.86 billion in direct funding for intel's commercial semiconductor manufacturing project under the "CHIPS Act." This funding will be used to support intel's previously announced plans to advance critical semiconductor manufacturing and advanced packaging projects in Arizona, New Mexico, Ohio, and Oregon. intel also plans to apply for an investment tax credit from the usa Department of the Treasury, expecting to receive 25% of eligible investments exceeding $100 billion.