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.
U.S. finalizes $11 billion for Intel as time runs out on Biden’s chip plan
Troubled chipmaker Intel, which announced huge layoffs in August, will receive $11 billion under the Chips Act, in an attempt to cut U.S. dependence on imports.
U.S. finalizes $7.86B Chips Act award for Intel to boost local manufacturing
The Biden administration has finalized up to $7.86B in direct funding for Intel (NASDAQ:INTC) as part of the CHIPS and Science Act. That’s down from $8.5B funding initially proposed in March. The final total award is less than the proposed preliminary award due to a congressional requirement to use CHIPS funding to pay for the Secure Enclave
Intel and Biden-Harris Administration Finalize $7.86 Billion Funding Award Under US CHIPS Act
The U.S. Department of Commerce has awarded Intel Corporation up to $7.86 billion in direct funding through the U.S. CHIPS and Science Act.
Intel To Receive Nearly $8 Billion In Federal Funding Under CHIPS Act for US Expansion
Intel receives $7.86B in funding from U.S. Department of Commerce under CHIPS Act, supporting semiconductor manufacturing and creating jobs.
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 the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations.
Biden administration signs off on $6.6 billion in CHIPS Act funds for TSMC's Phoenix site
Commerce Department has finally agreed to release $6.6 billion to help fund the Phoenix plant being built by TSMC. Trump has criticized the plan.
Intel secures nearly $7.9B in CHIPS Act funds, half headed to Arizona
The money will be split among Intel projects in Arizona, Oregon, Ohio and New Mexico, but with Arizona receiving about half of the total at $3.94 billion. The Arizona funding will support the construction of two new factories or fabs in Chandler and the modernization of a third fab there.
Intel Agrees to Terms, Will Receive Up to $7.9 Billion in CHIPS Funding
Key Takeaways Intel and the Biden administration have agreed to terms for the chipmaker to receive up to $7.86 billion in CHIPS Act funding.The funding will support the expansion or building of new facilities across Arizona,
Intel locks down $7.86B in funding from US CHIPS Act
Outgoing administration rushes to allocate money ahead of Inauguration Day Intel has finalized an agreement with the US Department of Commerce to receive up to $7.86 billion awarded via the CHIPS and Science Act,
Intel secures US$7.865 billion in CHIPS Act subsidies, lower than initial memorandum amount
Revised Award Provides Up to $7.865 Billion in Direct Funding, Down from $8.5 Billion, to Support Intel's $100+ Billion Expansion Plan Across Four U.S. States
Intel Receives $7.9 Billion in Chips Act Funding. There Are Strings Attached.
The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had ...
Micron's CHIPS and Science Act funding could become official before 2025, McMahon says
CHIPS Act funding could officially be designated for Micron's Central New York project before the new year, according to ...
GlobalFoundries confirms $1.5 billion award from the US Chips and Science Act
The previously leaked decision to award GlobalFoundries $1.5 billion in subsidies to manufacture chips in the US is now ...
WCMH Columbus on MSN11d
What Vice President-elect JD Vance has said about the CHIPS Act and Intel in Ohio
Sen. JD Vance (R-Ohio) is set to become vice president for Donald Trump’s second term in January. Where does he stand on the ...