Intel awarded almost $8 billion in bid to protect US chipmaking interests
The Biden administration is giving Intel $7.865 billion in CHIPS Act funding to boost domestic semiconductor manufacturing in the US. The agreement confirmed by the US Department of Commerce today is the largest award granted under the CHIPS Act to date, though notably smaller than the up to $8.5 billion earmarked for the chip maker in March.
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The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the ...
Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.
The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp.
According to media reports, the U.S. government is considering reducing Intel Corporation INTC's federal chips grant under ...
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