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

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.
Biden administration rushes to finalize CHIPS Act funding
President-elect Donald Trump said the CHIPS and Science Act was a 'bad deal' in a podcast interview last month.
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,
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.
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.
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.
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Biden locks in $6.6B for TSMC chip factories, ensuring Trump can’t rescind CHIPS Act deal
The Biden administration has finalized a $6.6 billion award for the Taiwan semiconductor giant that is building massive ...
Biden admin Commerce Dept seeks to exhaust CHIPS Act funding before Biden leaves office
The Biden administration wants to spend every dollar allocated under the president's Chips and Science Act before ...
Joe Biden Just Trump-Proofed His Hallmark CHIPS Act
Biden awarded $6.6 billion to Taiwan's TSMC to build chip factories in Arizona to secure the U.S. semiconductor supply chain.
GlobalFoundries finalizes $1.5 billion in CHIPS Act funding
GlobalFoundrieswill receive up to $1.5 billion in federal funding through the CHIPS and Science Act to upgrade existing ...
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Did President Biden Just Save the CHIPS Act From Trump?
The president just secured a $6.6 billion deal to build factories in Arizona—setting up a showdown when Trump, who is ...
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GlobalFoundries cements Chips Act deal for US$1.5 billion grant
The Biden administration has finalized Chips Act incentives for GlobalFoundries (GF), awarding the chipmaker US$1.5 billion ...
U.S. finalizes $1.5B Chips Act award for GlobalFoundries to boost local manufacturing
The CHIPS Act provides for $39B in grants, billions more in loans and 25% tax credits to boost domestic chip manufacturing ...