Biden management will trim Intel’s $8.5 billion CHIPS Act grant, NYT studies – The Gentleman Report | World | Business | Science | Technology | Health
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Biden management will trim Intel’s $8.5 billion CHIPS Act grant, NYT studies

Biden management will trim Intel’s .5 billion CHIPS Act grant, NYT studies
November 25, 2024



The Trade Division has lowered Intel’s CHIPS Act award by way of no less than $500 million, to lower than $8 billion, in line with a file Sunday in The New York Instances.The newspaper, mentioning 4 nameless assets, mentioned the Biden management is trimming the dimensions of the award to account for a separate $3 billion deal Intel received in September to fabricate semiconductors for the U.S. Division of Protection.

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