Intel Receives $7.9 Billion in Chips Act Funding. There Are Strings Attached.
The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had ...
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Intel’s CHIPS Act funding cut by over $600 million
The White House is reducing Intel’s CHIPS Act award by over $600 million. Initially set to receive $8.5 billion from ...
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Intel secures nearly $7.9B in CHIPS Act funds, half headed to Arizona
The U.S. Department of Commerce announced that it will make a final award to Intel Corp. of up to nearly $7.87 billion in ...
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Intel’s CHIPS Act grant lower than previously announced, says Citi
Intel (INTC) announced on Tuesday that it received a $7.9B CHIPS Act grand from the U.S. government, which is lower than the $8.5B previously announced in March due to perceived execution issues ...
Workers demand more transparency after Intel secures $8B CHIPS funding
On Tuesday, the Biden-Harris administration finalized a CHIPS award of up to $7.865 billion to help fund expansions of ...
Intel awarded $7.9 billion from the CHIPS Act ahead of Trump's 2nd term
Donald Trump has criticized the CHIPS Act and suggested he'd prefer tariffs to incentivize semiconductor manufacturing on US ...
Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the ...
US to cut Intel’s US$8.5bil chips grant as tech giant struggles
The Biden administration plans to reduce Intel’s preliminary US$8.5 billion (S$11.5 billion) federal Chips grant, a move that ...