Intel announced it will need to get external customers for its manufacturing division, or it may need to stop all work in Ohio. Last week, Intel announced it is further ...

The U.S. Department of Commerce has awarded Intel up to $7.86 billion in direct funding through the U.S. CHIPS and Science Act to advance Intel’s commercial semiconductor manufacturing and ...

Gov. Mike DeWine and the JobsOhio president responded to Intel's delayed Ohio plant, citing the chip industry's global ...

In October 2024, Intel posted a $16.6 billion loss in Q3 2024, the largest quarterly loss ever recorded by the chip maker, with $2.8bn related to its wide-sweeping job cuts.

In a news release sent out by CEO Lip-Bu Tan on July 24, he said Intel will be “further slowing construction in Ohio.” ...

He said the chipmaker -- which won a $6 billion Chips Act award -- had increased by $100 billion its initial pledge to invest $65 billion in U.S. manufacturing.

The money comes from the 2022 CHIPS Act, which President Joe Biden signed into law after it passed Congress with bipartisan support. Biden visited Wolfspeed's Durham headquarters in 2023.