US may reduce Intel’s $8.5 billion chips grant

Biden administration will trim Intel’s $8.5 billion CHIPS Act grant, NYT reports
Intel won't be happy about the 6% reduction in subsidies but certainty that the rest of the money is coming would be welcome.
Intel's Federal Chips Grant Shrinks Below $8B As Biden Administration Recalibrates CHIPS Act Funding: Report
The U.S. government reportedly plans to reduce Intel Corp's (NASDAQ:INTC) $8.5 billion federal chips grant. What Happened: Intel, the largest beneficiary of CHIPS Act funding, is set to receive less than $8 billion,
Biden administration to reduce Intel's $8.5B CHIPS Act grant - report
The Biden administration is planning to reduce Intel's (NASDAQ:INTC) preliminary $8.5B CHIPS Act funding grant, the biggest award under the initiative, to less than $8B, four sources told The New York Times.
US To Cut Intel's CHIPS Grant Amid Investment Setbacks And Historic Losses: Report
In October, Intel posted its biggest quarterly loss in the entire 56-year history of the company, facing more pressure than ever to reduce its costs.
Washington Curtails Intel’s Chip Grant After Company Stumbles
The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military contract.
US to cut Intel’s US$8.5bil chips grant as tech giant struggles
The Biden administration plans to reduce Intel’s preliminary US$8.5 billion (S$11.5 billion) federal Chips grant, a move that follows the US tech giant’s investment delays and broader business struggles.
Intel to receive smaller CHIPS Act grant from Washington- NYT
Intel Corporation (NASDAQ: INTC) is expected to see its funding under the CHIPS Act drop to below $8 billion from $8.5 billion, the NYT report said, citing people familiar with the grant. The report said the final contract had not yet been signed. Intel is the biggest recipient of support from the CHIPS Act.
US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion: Report
The US announced a preliminary agreement for $8.5 billion in grants and up to $11 billion in loans for Intel in Arizona, with some of the funding to be used to build two new factories and modernise an existing one.
US Plans to Reduce Intel's $8.5 Billion Federal Chips Grant Below $8 Billion - New York Times
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,
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