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