The unit includes a wide spectrum of jobs — from factory technicians to engineers and researchers who design future generations of chips. Intel was awarded $7.9 billion in federal subsidies last ...

The U.S. Department of Commerce confirmed on Tuesday it has awarded $7.865 billion to chip giant Intel under the U.S. CHIPS and Science Act, a federal statute signed into law by President Joe ...

Biden administration officials told reporters that the original $8.5 billion in grants to Intel provided under the law is now $7.8 billion, as the tech giant has also won a $3 billion contract to ...

The outgoing Biden administration is reportedly going to cut downn the preliminary $8.5 million grant it awarded to Intel Corp. under the CHIPS Act, adding to the struggling U.S. chipmaker’s woes.

While Intel has already started work on building its two semiconductor factories in Licking County, the company previously said the $28 billion project was delayed as it awaited CHIPS Act funding.

The White House has cut Intel’s CHIPS Act award by over $600 million. Initially set to receive $8.5 billion, the company will now get up to $7.85 billion.

Biden administration to reduce Intel's $8.5B CHIPS Act grant: report (update) Nov. 25, 2024 9:24 AM ET Intel Corporation (INTC) Stock TSM By: Jessica Kuruthukulangara, SA News Editor 31 Comments ...

The Biden administration plans to reduce Intel’s preliminary $8.5 billion federal CHIPS grant, a move that follows the California-based company’s investment delays and broader business struggles.

Chips, of course, are in everything; they power cars, phones, refrigerators, military weapon systems, and—most important to many policymakers these days—artificial intelligence.

The CHIPS Act is part of a larger government effort to create jobs, revitalize domestic supply chains, and increase the U.S. production of critical technologies. Despite producing close to 40 ...

President Biden, center, talks to Intel CEO Patrick Gelsinger, left, as factory manager Hugh Green looks on as Biden tours the Intel Ocotillo Campus in Chandler, Arizona, on March 20.