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Biden admin reducing Intel chip grant below $8B

Hosted on MSN · 25m

Intel Receives $7.9 Billion in Chips Act Funding. There Are Strings Attached.

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.

FOX News on MSN · 14h

Biden admin reducing Intel chip grant below $8B: reports

The Biden administration is expected to trim the original $8.5 billion in grant funding to Intel from the CHIPS and Science Act, according to multiple reports.

The New York Times · 1d

Washington Curtails Intel’s Chip Grant After Company Stumbles

The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military contract.

US plans to reduce Intel's $8.5 billion federal CHIPS grant - New York Times

(Reuters) - The U.S. government plans to reduce Intel Corp's INTC.O preliminary $8.5 billion federal chips grant to less ...

19h

US cuts Intel’s federal chips grant to below $8bn amid new deal

The reduction in funds is said to be linked to Intel’s delay in completing an Ohio chip manufacturing facility.

22h

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 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 ...

Intel loses a swag of CHIPS Act money

More than $2 billion The Biden administration is expected to trim the federal grant funding troubled Chipzilla initially ...

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