Company planning to invest $18bn across the two states

Will be used to support chip manufacturer’s $3.87bn HBM plant in West Lafayette, Indiana

Company bid for government funding to support $4bn Californian research center

Plant will be largest of its type in the US

If approved, funding will support sites in Texas and Missouri

First facility is expected to be operational in 2025

Department has signed a non-binding preliminary memorandum of terms with the company

Further extends program launched by department in 2023

Bill has received bipartisan support

Funding gap arose after Defense Department reneged on $2.5bn military contract with Intel

Investment will allow company to double production in two years

The Biden Administration continues to champion the concept of open mobile networks

The facilities will be split across the cities of Taylor and Austin

Funding confirmation comes week after TSMC confirmed Arizona site was now ahead of schedule

Despite earlier delays, Arizona plant now expected to be operational by end of 2024

President Biden will visit Intel’s Chandler, Arizona, campus to announce the deal

To help fund chip R&D

Comes after reports that Altman has been courting Middle Eastern investors for an AI chip venture

Production at the second, more advanced, site now delayed until 2027

Announcement comes a week after the company was awarded funding under US CHIPS Act

US looks to counter the technology threat from China by investing in supercomputers, semiconductors, AI, and quantum computing

And a new website is launched to help companies get funding

Helping fund domestic chip fab development