Intel and the US set to seal $8.5B CHIPS Act funding
In March 2024, the Biden Administration and Intel signed a preliminary memorandum of terms (PMT) for the $8.5 billion funding. This support package is part of Intel’s larger commitment to invest more than $100 billion in expanding its US manufacturing footprint, including building new chip plants in Arizona, Ohio, Oregon, and New Mexico.
As interest in Intel’s faltering business grows, the chip pioneer is reportedly set to finalize billions of dollars in direct ...
President Biden signed the CHIPS Act into law in August 2022 and called it a "once-in-a-generation" piece of ...
Investors, Wall Street analysts, competitors, suppliers, and customers must face a new reality: Intel is no longer a ...
Rivals and at least one big investor are circling the embattled semiconductor giant. The Biden administration is sure to keep ...
As foreign rivals leave the marquee chip maker behind, Intel gets a boost from the government, which wants to keep some ...
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