Along with the funding, Intel agreed not to conduct stock buybacks ... Congress passed the Chips Act in 2022, setting aside tens of billions to boost U.S. chip manufacturing.

Intel will receive at least $1 billion in CHIPS Act funding before the end of the year. The company plans to invest $90 billion in the US by the decade’s end, a reduction from its initial goal ...

WASHINGTON (Reuters) - President Donald Trump's administration is renegotiating some of former President Joe Biden's grants ...

While Intel has already started work on building its two semiconductor factories in Licking County, the company previously said the $28 billion project was delayed as it awaited CHIPS Act funding.

Intel has received up to $7.86 billion in CHIPS and Science Act direct funding from the Department of Commerce to support its semiconductor manufacturing and advanced packaging projects in Arizona ...

Is Trump’s administration looking to revisit certain semiconductor grants issued under former President Joe Biden?

Lutnick pointed to TSMC as an example of a successful renegotiation, highlighting that it increased its original US ...

Secretary of Commerce Howard Lutnick said he's looking to revamp deals that were "overly generous" as the department seeks to ...

In a blow that chip stock Intel absolutely did not need right now, new reports say that the federal government is reconsidering its CHIPS Act funding, the funding that spurred Int ...

Mr Lutnick said the goal was to benefit American taxpayers. Read more at straitstimes.com. Read more at straitstimes.com.