The Commerce Department has reduced Intel’s CHIPS Act award by at least $500 million, to less than $8 billion, according to a report Sunday in The New York Times.

Reuters

United Kingdom

US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion

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The U.S. government plans to reduce Intel Corp's preliminary $8.5 billion federal chips grant to less than $8 billion, the New York Times reported on Sunday citing unnamed sources.The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the

Channel News Asia

Government of Singapore

Singapore

The U.S. government plans to reduce Intel's $8.5 billion CHIPS Act grant amid delayed timelines, business challenges, and shifting funding priorities for semiconductor production.

Benzinga

New York

United States

Intel's Federal Chips Grant Shrinks Below $8B As Biden Administration Recalibrates CHIPS Act Funding: Report - Intel (NASDAQ:INTC), Taiwan Semiconductor (NYSE:TSM)

Intel’s troubles have been a blow to US plans to rev up domestic chip manufacturing.

The Straits Times

Singapore Press Holdings

US to cut Intel’s $11.5 billion chips grant as tech giant struggles

“The Biden administration plans to reduce Intel’s preliminary $8.5 billion federal CHIPS grant, a move that follows the California-based company’s investment delays and broader business struggles,” the New York Times reports. “Intel, the biggest recipient of money under the CHIPS Act, will see its funding drop to less than $8 billion from the $8.5 billion that was announced earlier this year.” Semafor: Biden administration rushes to distribute f…

Political Wire

Goddard Media LLC

Washington Curtails Intel’s Chip Grant After Stumbles

The Oregonian

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Portland

Multnomah County

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Biden administration will trim Intel’s $8.5 billion CHIPS Act grant, NYT reports

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

Seeking Alpha

Biden administration to reduce Intel's $8.5B CHIPS Act grant

The essential tech news of the moment. Technology's news site of record. Not for dummies.

Techmeme

California

Sources: Intel, the biggest recipient of money under the CHIPS Act, will see its funding drop to less than $8B from the $8.5B that was announced earlier in 2024

The U.S. government plans to reduce Intel Corp’s (INTC.O), preliminary $8.5 billion federal chips grant to less than $8 billion, the New York Times reported on Sunday citing unnamed sources. The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times. This spring U.S. President Joe Biden’s administration said it was awarding Intel nearly $20 billion in grants and loans, supe…

Ghanaian Times

Accra

Accra Metropolis

Greater Accra Region

Ghana

US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion - New York Times

(Reuters) –     The U.S. government plans to reduce Intel Corp’s preliminary $8.5 billion federal chips grant to less than $8 billion, the New York Times reported on Sunday citing unnamed sources. The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times.   This spring U.S. President Joe Biden’s administration said it was awarding Intel nearly $20 billion in grants and loa…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion - New York Times - Blue Water Healthy Living

US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion

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