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US Government to Trim Intel Chips Funds
US Government to Trim Intel Chips Funds: Will it Hurt INTC Stock?
According to media reports, the U.S. government is considering reducing Intel Corporation INTC's federal chips grant under the CHIPS and Science Act from $8.5 billion to less than $8 billion. On the condition of anonymity,
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.
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.
2h
on MSN
Intel's CHIPS Act grant reduced by roughly $500 million
CNBC's Deirdre Bosa joins 'The Exchange' to discuss Intel losing funding from the CHIPS Act.
USA Today
6h
US plans to reduce Intel's $8.5 billion federal CHIPS grant - New York Times
(Reuters) - The U.S. government plans to reduce
Intel
Corp's INTC.O preliminary $8.5 billion federal
chips
grant to less ...
7h
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 ...
Hosted on MSN
2h
US plans to shrink Intel's $8.5B CHIPS funding to below $8B — restructuring takes into account chipmaker's $3.5B contract to make chips for the military
T he U.S. government is scaling down Intel's proposed $8.5 billion federal chips grant to less than $8 billion, partly due to ...
9h
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.
4h
Intel's $8.5B Chips Act award faces cut, report says
Intel could face a reduction in its Chips Act grant, according to a report. The company and advocates in Ohio already had ...
2h
on MSN
Commerce Department to reduce Intel’s funding on semiconductors
The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around ...
4h
on MSN
Intel leads chips mostly higher in holiday shortened week
Semiconductor stocks were mostly higher on Monday, led by gains in Intel (NASDAQ:INTC), as traders looked to add to profits ...
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