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 ...

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.

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 ...

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?

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 ...

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