Intel CEO Pat Gelsinger retires abruptly amid chipmaker’s deepening struggles
He spent the first 30 years of his career at the chipmaker, then returned in 2021 in hopes of reviving the business. It ...
Intel Receives $7.9 Billion in Chips Act Funding, but Says It Won’t Take Federal Loans
The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had ...
Intel’s CHIPS Act grant reduced as production delays and losses mount
Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.
Intel’s CHIPS Act funding set to be slashed by the Biden administration, reports say
The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp.
Intel and Biden Administration finalize $7.86B CHIPS Act grant for domestic manufacturing
The U.S. Department of Commerce today confirmed it has awarded $7.865 billion to chip giant Intel under the CHIPS and Science ...
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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 ...
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Intel’s CHIPS Act funding cut by over $600 million
The White House is reducing Intel’s CHIPS Act award by over $600 million. Initially set to receive $8.5 billion from ...
Intel and Commerce Department finalize $7.9 billion CHIPS Act grant
The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the ...
Intel awarded $7.9 billion from the CHIPS Act ahead of Trump's second term
Donald Trump has previously criticized the CHIPS Act and suggested he would prefer tariffs to incentivize semiconductor ...
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Fine print in Intel's CHIPS Act deal includes requirement to keep control of its foundries
That condition and several others are spelled out in a November 27 filing [PDF] that reveals the CHIPS Act cash came with ...