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In 2024, the US government awarded $10.86 billion to Intel as part of the CHIPS and Science Act. In exchange, Intel promised to create 10,000 new US jobs.

In August 2025, the Trump administration converted the subsidy to an equity stake in the company, voiding the previous agreement. As a result, Intel is no longer contractually obligated to create jobs for US workers.

If taxpayers give billions of public dollars to a private corporation, we should expect it to strengthen the US economy and hire US workers. Intel owes our communities safe, local, good-paying jobs, not broken promises.

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Intel Lay-offs: State Data

Lay-offs in Arizona: 1,178

Lay-offs in California: 2,675

Lay-offs in New Mexico: 227

Lay-offs in Texas: 361

Lay-offs in Oregon: 4,478

Lay-offs in Pennsylvania: 56

Global lay-offs: 30,000

Sources

Lay-offs tracked from March 20, 2024, when Intel signed a Preliminary Memorandum with Intel for a CHIPS Act incentive grant.

Arizona:

California:

New Mexico:

Oregon:

Pennsylvania:

Texas:

Global:

Other:

Intel’s subsidies: $7.86 billion incentive grant from the CHIPS Program Office, $3 billion from the Secure Enclave Program to make chips for the military.

The US converted Intel’s CHIPS and Science Act incentive grant into equity shares in the company.

Intel’s job creation promises.

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