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Washington Curtails Intel’s Chip Grant

Fox Business on MSN · 1h

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.

Reuters on MSN · 1h

Intel expects US to shave chip-making grant, sources say

Intel expects the U.S. government to reduce a preliminary subsidy of $8.5 billion to build more chip factories, two sources familiar with the matter said on Monday, weeks after the company received a separate $3 billion deal with the Pentagon.

The New York Times · 17h

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.

‘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 ...

20h

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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