Intel and US to finalise $8.5 billion in chips funding by year-end, FT reports

Firstpost News

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Individual: Mukesh Ambani

Intel, US govt to sign $8.5 bln in chips funding by year-end

Earlier this year, in March, US President Joe Biden announced nearly $20 billion in grants and loans to Intel, aimed at revitalising the company's semiconductor chip manufacturing capabilities within the United States

Seeking Alpha

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U.S. and Intel could close $8.5B chip funding by year-end - report (NASDAQ:INTC)

Learn how to make smart financial decisions and grow your wealth with expert advice on investing, savings, budgeting, and managing debt.

Techmeme

Sources: Intel and the US government plan to finalize $8.5B in direct funding for the chipmaker by year-end, as Intel tries to stabilize its ailing business

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U.S. News

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Individual: Mortimer Zuckerman

U.S. government to finalize 8.5B cash injection for Intel by the end of the year. 5 billion dollars more then was speculated.

Tom's Hardware

Media Conglomerate: Future Plc

Media Conglomerate: Purch Group

Intel is on track to receive its $8.5 billion CHIPS Act award by year-end

Sources say that Intel could start receiving parts of its $8.5-billion CHIPS Act payout before the end of 2024.