Fed officials finalize $7.8 billion in grants for Intel projects, including $1.5 billion in Ohio
Computer chip manufacturer Intel has faced setbacks with its “Silicon Heartland” fab currently under construction outside New Albany, Ohio. But after protracted negotiations, $7.8 billion in federal grants are beginning to flow to Intel projects around the country.
Intel and Biden Administration finalize $7.86B CHIPS Act grant for domestic manufacturing
The U.S. Department of Commerce today confirmed it has awarded $7.865 billion to chip giant Intel under the CHIPS and Science Act.
US finalizes $7.86 billion chips manufacturing award for Intel
The U.S. Commerce Department said Tuesday it was finalizing a $7.86 billion government subsidy for Intel , down from $8.5 billion announced in March after the California-based chips maker won a separate $3 billion award from the Pentagon.
Biden Cuts Intel’s Chip Award by More Than $600 Million
The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.
Intel's Chips Act payout down $600M from initial deal; Ohio project lands $1.5 billion
The Biden Administration announced it released $7.865 billion in funding for Intel as part of its CHIPS Incentives Program.
Intel To Get $7.865 Bln Govt. Grant For US Semiconductor Projects
The U.S. government has offered Intel Corp. up to $7.865 billion in direct funding for its commercial semiconductor manufacturing
Ohio Gov. DeWine issues statement after CHIPS Act funding for Intel finalized
Ohio Gov. DeWine issues statement after CHIPS Act funding for Intel finalized
Biden administration to release $1.5 billion in CHIPS Act for Intel’s Ohio project
The Biden administration announced Tuesday it is releasing $1.5 billion in long-awaited federal grant money for Intel’s planned computer-chip complex in Ohio. However, senior administration officials also said the money will only go to help build half of the $28 billion semiconductor plant,
Intel Receives $7.9 Billion in Chips Act Funding, but Says It Won’t Take Federal Loans
The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had proposed up to $8.5 billion in grants to Intel.
Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit
Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company's ability to sell ...
Intel wins $7.9 billion award under CHIPS Act
To build or expand semiconductor factories in several U.S. states.
Intel's windfall from the CHIPS Act sees cuts, with a deal in hand
The Biden administration trimmed about $500 million from their initial $8.5 billion award to Oregon's biggest private ...
Intel Gets Up to $7.9 Billion Award for U.S. Chip-Plant Construction
The government grant is less than originally expected because the chip giant is also receiving separate funding for ...
Workers demand more transparency after Intel secures $8B CHIPS funding
On Tuesday, the Biden-Harris administration finalized a CHIPS award of up to $7.865 billion to help fund expansions of ...
Intel Is Steering The Ship To Profitability (Rating Upgrade)
Intel faced a challenging quarter with -6% top-line decline and significant impairments, but management is positioning for ...
Russian acts of sabotage may lead to NATO invoking Article 5, says German intel chief
Russia's acts of sabotage against Western targets may eventually prompt NATO to consider invoking the alliance's Article 5 ...
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 Secures $7.86 Billion for Semiconductor Expansion
The latest announcement is out from Intel ( (INTC) ).