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In Chandler, Arizona, Intel’s recent allocation of $8.5 billion in CHIPS and Research Policy Funds to support the semiconductor manufacturing industry has generated a lot of interest, mostly for its ability to create jobs in the area.
The authorization of federal funds to help Intel build two new semiconductor factories and upgrade existing facilities will bring thousands of high-paying jobs to Chandler and the surrounding area.
Chandler For Alfred Garza’s life, the possibility of creating significant jobs reflects the view of many local people who feel that business is important to the development of the community amid expansion in the city.
Intel now employs 13,000 people in the Phoenix area and is also creating 3,000 new manufacturing jobs and more construction jobs. The workflow is expected to increase jobs beyond Intel’s direct workforce and benefit local businesses and the service industry.
National Economic Council Director Lael Brainard outlines the broad economic impact of the CHIPS Act, citing job opportunities
Intel CEO Pat Gelsinger outlines the CHIPS Act’s role in promoting domestic semiconductor manufacturing and adaption. With an emphasis on national security and economic goals. The initiative not only promises to provide employment opportunities for all skill levels, but also strengthens the local economy by fostering a supportive community.
Speaking at the ceremony, President Joe Biden talked about the changes to the grant, citing the fact that the average annual salary required for new jobs is over $100,000, there is a lot to attend, and there is no college education. understand
Local businesses such as Gadzooks, Enchiladas and Sweets hope that Intel’s expansion will lead to an increase in foot traffic and business activity and provide positive support pressure after experiencing problems caused by hybrid operation during transmission.
Greater Phoenix Chamber of Commerce CEO Todd Sanders spoke about business prospects and noted the interest of small businesses in participating in expanding the broader business ecosystem.
While the prospect of job creation is attractive, some residents are concerned about the potential income increase from workers earning more. Despite these concerns, stakeholders remain optimistic about the overall economic and employment benefits from Intel’s expansion and growth in Arizona’s broader semiconductor industry.