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No it isn’t, because no CHIPS act funding had been given to Intel yet.

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phan|1 year ago

How do you think Intel started construction on fabs in Arizona? Couldn't have done it without the CHIPS act

Intel's new Fabs in AZ started construction in 2021, before the CHIPS act has passed. It has had a gross profit in the tens of billions yearly and right now has ~$30Bn cash on hand. Not a single penny has yet been given from the CHIPS act to Intel [1]. So no.

[1]: https://www.tomshardware.com/tech-industry/intel-ceo-is-frus...