Intel secures nearly $7.9B in CHIPS Act funds, half headed to Arizona
The U.S. Department of Commerce announced that it will make a final award to Intel Corp. of up to nearly $7.87 billion in direct funding under the CHIPS and Science Act, the largest such grant to any company but slightly below the preliminary $8.5 billion that had been announced earlier.
Intel secures up to $7.86B in CHIPS Act funding for fab projects
The financing, which officials announced today, will be provided under the 2022 CHIPS and Science Act. Intel is one of several chipmakers set to receive funding under the law. Earlier this month, Taiwan Semiconductor Manufacturing Co. finalized a $11.6 billion federal financing agreement to support the construction of three fabs in Arizona.
Workers demand more transparency after Intel secures $8B CHIPS funding
On Tuesday, the Biden-Harris administration finalized a CHIPS award of up to $7.865 billion to help fund expansions of Intel's commercial fabs in the US. By the end of the decade, these fabs are intended to decrease reliance on foreign adversaries and fill substantial gaps in America's domestic semiconductor supply chain.
tom's Hardware on MSN14h
Intel and U.S. ink funding contract — $7.86 billion under the CHIPS Act, $3 billion from PentagonIntel and the U.S. government on Tuesday officially inked funding deal. Intel will get up to $7.86 billion in funding ...
Intel's Chips Act grants are finalized. Here's how much is designated for the $28 billion complex the chipmaker is building ...
The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the ...
tom's Hardware on MSN12d
Intel’s postponement of the Magdeburg fab was made in “close coordination” with the German state — the company will reevaluate the project in two years to decide i…Anhalt, whose capital city, Magdeburg, was supposed to host Intel’s Fab 29, have confirmed that both parties are still ...
Intel will receive less in CHIPS Act funding than initially reported, but did snare a $3 billion defense department contract ...
Intel is also in line for a $3 billion contract to manufacture chips for the Department of Defense, a deal announced in ...
Intel will refit and reopen Fab 9 and upgrade its Fabs 11 and 11X in Rio Rancho. Intel earlier this year opened a new Fab 9 factory in Rio Rancho to manufacture advanced semiconductor ...
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Why Intel Stock Sank TodayWhile Citi's analysts believe that Intel is poised to match Taiwan Semiconductor Manufacturing in fabrication in the second half of next year, they're not bullish on the company's ability to turn ...
T he U.S. government is scaling down Intel's proposed $8.5 billion federal chips grant to less than $8 billion, partly due to ...
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