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Biden, chips and Intel
‘There Will Be Attrition’: Biden Admin To Slash Handout For Chip Maker In Blow To $39 Billion Manufacturing Push
The White House plans to curtail a multi-billion dollar subsidy for chipmaker Intel as the company dials back on construction projects following record-breaking losses. The manufacturer was the largest beneficiary of the Biden-Harris administration’s 2022 CHIPS and Science Act (CHIPS Act),
Biden administration slashes Intel’s AI chips grant to under $8B
The Biden administration has decided to cut Intel’s much-anticipated CHIPS Act grant from $8.5 billion to less than $8 billion. The reduction follows a series of delays in Intel’s investments amid other struggles within the company.
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 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.
3h
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 ...
2h
on MSN
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.
3h
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.
2h
Intel's $8.5B CHIPS Act award faces cut, report says
Planned reduction reflects a $3 billion CHIPS Act award for military work but also "takes into account Intel’s technology ...
5h
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.
2h
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 ...
1h
on MSN
Why Intel Stock Popped on Monday
Intel ( INTC 3.25%) stock gained 4.1% through 9:45 a.m. ET Monday morning after CNBC reported this morning that the U.S.
Liliputing
2h
At least four mini PCs with Intel N150 chips are coming soon
The Intel N150 processor is expected to be a modest update to the popular Intel N100 chip that’s been used in many budget ...
9h
US may reduce Intel’s $8.5 billion chips grant: This may be the reason
The US government is reportedly reducing Intel's CHIPS Act grant from $8.5 billion to under $8 billion due to delays in Intel ...
2d
Intel plans to sell, lease back its sprawling Folsom campus
The expansive Folsom Intel (Nasdaq: INTC) campus includes 1.5 million square feet of office, test floor and lab space through ...
17h
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 ...
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