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.
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.
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.
Intel's Federal Chips Grant Shrinks Below $8B As Biden Administration Recalibrates CHIPS Act Funding: Report
The U.S. government reportedly plans to reduce Intel Corp's (NASDAQ:INTC) $8.5 billion federal chips grant. What Happened: Intel, the largest beneficiary of CHIPS Act funding, is set to receive less than $8 billion,
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’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.
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's Ohio chip factory cons
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 New York Times reported on Sunday citing unnamed sources.
Intel up 3% after CNBC report on CHIPS Act funding
EST Intel (INTC) up 3% after CNBC report on CHIPS Act fundingDon't Miss our Black Friday Offers:Unlock your investing potential with
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 $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 road map and customer demand," the report says.
USA Today2h
US plans to reduce Intel's $8.5 billion federal CHIPS grant - New York Times
This spring U.S. President Joe Biden's administration said it was awarding Intel nearly $20 billion in grants and loans, ...
IJR53m
‘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 ...
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.
Liliputing2h
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 ...