New Mexico Delegation Praises CHIPS Act Investment

4,300 jobs funded at Intel's Rio Rancho facility

Albuquerque, N.M.- Today, U.S. Senators Ben Ray Luján (D-N.M.) and Martin Heinrich (D-N.M.) and U.S. Representatives Teresa Leger Fernández (D-N.M.), Melanie Stansbury (D-N.M.), and Gabe Vasquez (D-N.M.) praised a $500 million investment from the CHIPS and Science Act for Intel's Rio Rancho facility.

"Today's announcement shows that New Mexico is continuing to drive innovation and is leading the way in advanced manufacturing," said Senator Luján (D-NM). "This $500 million in CHIPS Act funding will propel Intel's work at its Rio Rancho facility and bring thousands of good-paying jobs to our state. I'm proud to have fought to pass the historic CHIPS and Science Act, which is creating advanced manufacturing jobs here at home and boosting our nation's position as a global leader in semiconductor manufacturing."

"With today's announcement, we're further solidifying our state's role as a leader in innovation and advanced manufacturing, building a better future for the hard-working people of our state, growing our economy, strengthening the middle class, and supporting high quality careers New Mexicans can build their families around," said Senator Heinrich (D-NM). "I fought hard to pass the CHIPS and Science Act because I knew it would have a transformative impact-today, we are seeing that work pay off."

"Thanks to our Chips and Science Act and the role that innovators like Intel play in our state's enchanted innovation economy, we are growing domestic manufacturing," said Rep. Leger Fernández (NM-03). "For too long, we had underinvested in American manufacturing, in research and in development. As a result, we underinvested in our American workers. Under Democratic leadership, we changed all that and passed the CHIPS and Science Act to grow New Mexico's enchanted economy with projects like this one. This funding will provide up to 4,300 jobs for New Mexicans-many of whom live in my district. That's what I call progress."

"Jobs like these from Intel grow our communities and ensure New Mexico continues to thrive in the future. This is exactly what we expect from our federal government," said Rep. Stansbury (NM-01). "Thanks to President Biden, the CHIPS and Science Act has been vital to advancing leading-edge industries in our state and modernizing facilities across the country."

"I'm proud to welcome this $500 million investment in Intel's Rio Rancho facility," said Rep. Vasquez (NM-02). "These 4,300 jobs will provide New Mexicans with access to high-quality careers and help position our state as a leader in the future of technology. I'm excited to see the positive impact it will have on our communities, our workforce and our economy for years to come."

The investment is expected to support 4,300 jobs in New Mexico. The $500 million investment is part of a larger allocation of funds that will go to both the fabrication and advanced packaging of leading-edge chips through projects in Arizona, New Mexico, Ohio, and Oregon.

New Mexico has received $523.9 million in funding through the CHIPS and Science Act. CHIPS for America has awarded over $19 billion of the over $36 billion in proposed incentives funding allocated to date.