Commerce Department to reduce Intel’s funding on semiconductors
- The Biden administration plans to reduce Intel's federal funding for computer chip plants from $8.5 billion to less than $8 billion, according to sources.
- The reduction stems from Intel's $3 billion contract to provide computer chips to the military, as reported by the New York Times.
- Officials indicated that the funding changes are not related to Intel’s financial records or milestones, noted by sources to The Associated Press.
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Coverage Details
Total News Sources0
Leaning Left5Leaning Right9Center12Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 19%
C 46%
R 35%
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