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

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, sources said.

CNBC's Deirdre Bosa joins 'The Exchange' to discuss Intel losing funding from the CHIPS Act.

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 U.S. government plans to reduce Intel Corp's preliminary $8.5 billion federal chips grant to less than $8 billion, the ...

Intel's $7.86 billion boost under the Chips Act aims to modernize U.S. tech infrastructure and reduce reliance on Asian ...

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 ...

The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp.

The US government is reportedly reducing Intel's CHIPS Act grant from $8.5 billion to under $8 billion due to delays in Intel ...

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