The $5 billion commitment is in addition to Intel's investment of between $6 billion and $8 billion to manufacture new chips for PCs, smartphones, consumer electronics and embedded devices, which the company announced in October last year. Those funds will go toward building a plant in Oregon, and to upgrading factories to make chips using the new 22-nanometer process. Such chips would be faster and more power-efficient than the company's current PC chips made using the 32-nm process.

Intel at the time said the $6 billion to $8 billion investment would help create approximately 6,000 to 8,000 construction jobs in the U.S. during the construction phase, and would eventually create up to 1,000 highly skilled and high-wage manufacturing jobs.