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Intel Finalizes CHIPS Funding
Intel Receives $7.9 Billion in Chips Act Funding. There Are Strings Attached.
The government has finalized its grant to Intel.On Tuesday, the Biden administration announced the Commerce Department has awarded $7.865 billion to the company via direct funding from the Chips and Science Act.
Intel gets its billions in CHIPS Act funding for semiconductor manufacturing
Intel is working to build two factories in Licking County near Columbus to manufacture semiconductors, but the company previously said the $28 billion project has been delayed as Intel awaited federal aid from the CHIPS Act.
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.
2h
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 ...
9m
Intel gets US$7.9 billion from Biden’s Chips act for expansion ahead of Trump’s second term
The agreement funds projects in Arizona, Oregon, and New Mexico, crucial for the Biden administration’s semiconductor goals ...
1d
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.
13h
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.
1d
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 ...
Yahoo Finance
6h
Intel Corporation (INTC) Nears $8 Billion CHIPS Act Deal Amid Adjusted Government Grant
Intel
Corporation (NASDAQ:INTC ... to finalizing a deal with the US government to provide the former with $8 billion in ...
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