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 domestic silicon production bill, the company will get up to $7.85 billion instead. On Tuesday, The New York Times reported that ...
The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had ...
Intel will use the funding for its commercial semiconductor manufacturing and packaging projects under construction in ...
The U.S. Department of Commerce today confirmed it has awarded $7.865 billion to chip giant Intel under the CHIPS and Science ...
The agreement funds projects in Arizona, Oregon, and New Mexico, crucial for the Biden administration’s semiconductor goals ...
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 ...
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 ...
Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.
Intel and the Biden administration have finalized terms to an agreement that will see the chipmaker receive up to $7.86 ...
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