Struggling chip giant Intel is reportedly preparing to slash up to 20% of its global workforce next month — despite the company receiving more than $2 billion in federal funding under former President ...

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 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.

Biden signed the CHIPS Act in August 2022. ... As you map out your retirement, ... Biden locks in $6.6 billion for huge TSMC chip factories in Arizona.

In the run-up to the passage of the CHIPS Act, he met with more than 100 lawmakers and attended a State of the Union address as a guest of Mr. Biden. But since then, Intel’s business has faltered.

President Joe Biden will visit an Intel facility in Arizona on Wednesday to announce the agreement, which the White House said disburses money from the CHIPS and Science Act adopted in 2022.

The Biden administration is reportedly planning to reduce Intel's CHIPS Act funding grant to less than $8B. Read more.

Trump calls a Biden chips act 'so bad.' ... with factories from both TSMC and Intel in the works around Phoenix. ... that aren't in the presidential map but have crucial Senate contests.

Samsung is set to receive $6.4 billion in US federal funding as a result of President Biden's CHIPS & Science Act. This grant adds to Samsung's own investment of over $40 billion in its US ...

A fresh influx of $8.5 billion in CHIPS and Science Act funding to help Intel build two semiconductor plants and upgrade an existing one in Chandler, 30 minutes southeast of downtown Phoenix, is ...