The Biden administration has finalized a deal to give Intel Corp. nearly $7.9 billion in federal grants, the largest direct ...

The U.S. Department of Commerce today confirmed it has awarded $7.865 billion to chip giant Intel under the CHIPS and Science ...

The Biden administration is in the uncomfortable position of awarding subsidies to a company that's cutting jobs.

The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had ...

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and ...

(Credit: Intel Corporation) The U.S. Department of Commerce has awarded Intel up to $7.86 billion in direct funding through ...

The awards are part of the Chips and Science Act, a law passed in 2022 with strong bipartisan support that allocates $52 ...

Intel's Chips Act grants are finalized. Here's how much is designated for the $28 billion complex the chipmaker is building ...

Senior administration officials said that the money will only go to help construct half of the $20 billion semiconductor plant.

SCOTT KENNEDY is Senior Adviser and Trustee Chair in Chinese Business and Economics at the Center for Strategic and ...

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 ...

Chipmaker Intel and the CHIPS and Science Act office are nearing an agreement that would grant the business a grant of almost ...