Washington Curtails Intel’s Chip Grant

Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.
US plans to reduce Intel's $8.5 billion federal CHIPS grant - New York Times
The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, sources said.
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 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.
Biden administration to reduce Intel's $8.5B CHIPS Act grant: report (update)
Update: The deal to provide Intel with $8B in funding is close to being finalized, CNBC reported, citing a person familiar with the matter. The Biden administration is planning to reduce Intel's (NASDAQ:INTC) preliminary $8.
Intel’s CHIPS Funding Reportedly Reduced
A new report claims that Intel will receive less funding from the CHIPS Act than originally planned because of its business struggles.
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.
US To Cut Intel's CHIPS Grant Amid Investment Setbacks And Historic Losses: Report
In October, Intel posted its biggest quarterly loss in the entire 56-year history of the company, facing more pressure than ever to reduce its costs.
US to cut Intel’s US$8.5bil chips grant as tech giant struggles
The Biden administration plans to reduce Intel’s preliminary US$8.5 billion (S$11.5 billion) federal Chips grant, a move that follows the US tech giant’s investment delays and broader business struggles.
Biden administration will trim Intel’s $8.5 billion CHIPS Act grant, NYT reports
Intel won't be happy about the 6% reduction in subsidies but certainty that the rest of the money is coming would be welcome.
Intel's Federal Chips Grant Shrinks Below $8B As Biden Administration Recalibrates CHIPS Act Funding: Report
Intel, the largest beneficiary of CHIPS Act funding, is set to receive less than $8 billion, a reduction from the $8.5 billion initially announced earlier this year, reported the New York Times, citing four people familiar with the matter.
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US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion - New York Times
The U.S. government plans to reduce Intel Corp's preliminary $8.5 billion federal chips grant to less than $8 billion, the ...