Intel Receives $7.9 Billion in Chips Act Funding, but Says It Won’t Take Federal Loans
The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had proposed up to $8.5 billion in grants to Intel.
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 direct funding under the CHIPS and Science Act, the largest such grant to any company but slightly below the preliminary $8.5 billion that had been announced earlier.
Intel Scores a $7.86 Billion Investment Through the CHIPS and Science Act
Intel has managed to secure a $7.86 billion Investment through the newly incorporated CHIPS & Science Act. Here's more about it.
Feds to reduce Intel's $8.5B CHIPS Act award, report says
Planned reduction reflects a $3 billion CHIPS Act award for military work but also "takes into account Intel’s technology road map and customer demand," the report says.
Intel awarded $7.9 billion from the CHIPS Act ahead of Trump's second term
Donald Trump has previously criticized the CHIPS Act and suggested he would prefer tariffs to incentivize semiconductor manufacturing on US soil.
Intel’s CHIPS Act funding reduced from $8.5 billion to $7.85 billion because of recent military contract
Intel's $8.5B Chips Act award faces cut, report says
Intel could face a reduction in its Chips Act grant, according to a report. The company and advocates in Ohio already had complained about the delay to finalize the award.
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 soil.
Intel, Commerce Department Finalize $7.9 Billion Chip Making Grant
More than two years since the signing of the CHIPs Act, funding is finally flowing to some of the mega-projects that the semiconductor bill intended to support.
Intel, feds reach deal on $8B in CHIPS money
After delays and lobbying from business groups around the country, the U.S. Department of Commerce and Intel announced a deal Tuesday morning to release nearly $8
Intel wins $7.9 billion award under CHIPS Act
To build or expand semiconductor factories in several U.S. states.
Intel's Chips Act payout down $600M from initial deal; Ohio project lands $1.5 billion
The Biden Administration announced it released $7.865 billion in funding for Intel as part of its CHIPS Incentives Program.
Intel’s CHIPS Act funding set to be slashed by the Biden administration, reports say
The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp.
Intel’s CHIPS Act grant reduced as production delays and losses mount
Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.
Intel and Biden Administration finalize $7.86B CHIPS Act grant for domestic manufacturing
The U.S. Department of Commerce today confirmed it has awarded $7.865 billion to chip giant Intel under the CHIPS and Science ...
EU Chips Act 2.0 should include legacy chips, says industry group chief
The European Commission should expand plans to strengthen its computer chip sector to include "foundational and legacy" ...
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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 the ...
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Fine print in Intel's CHIPS Act deal includes requirement to keep control of its foundries
That will limit Chipzilla's ability to cash in and bail itself out Intel has quietly revealed that the $7.86 billion of cash ...