Intel Corporation (INTC)
US finalizes $7.86 billion chips manufacturing award for Intel
The U.S. Commerce Department said Tuesday it was finalizing a $7.86 billion government subsidy for Intel , down from $8.5 billion announced in March after the California-based chips maker won a separate $3 billion award from the Pentagon.
Biden Cuts Intel's Chip Award
The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.
Intel Gets Up To $7.9 Billion Award for U.S. Chip-Plant Construction
The government grant is less than originally expected because the chip giant is also receiving separate funding for defense-related projects.
Intel Receives $7.9 Billion in Chips Act Funding, With Strings Attached
The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had proposed up to $8.5 billion in grants to Intel.
Qualcomm's interest in buying rival Intel is reportedly fading
Semiconductor maker Qualcomm Inc.'s interest in acquiring rival Intel Corp. is souring, Bloomberg News reported Monday night.
Qualcomm's interest in acquiring Intel has cooled, Bloomberg News reports
Qualcomm's interest in acquiring chipmaker Intel is said to have cooled, Bloomberg News reported on Monday, citing people familiar with the matter.
Intel's CHIPS Act grant reduced by roughly $500 million
CNBC's Deirdre Bosa joins 'The Exchange' to discuss Intel losing funding from the CHIPS Act.
US Government to Trim Intel Chips Funds: Will it Hurt INTC Stock?
With the government deciding to reduce the funding, it appears Intel has fallen down the pecking order.
Intel expects reduced U.S. grant after winning defense contract
Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.
Why Intel Stock Popped on Monday
Intel (INTC 3.25%) stock gained 4.1% through 9:45 a.m. ET Monday morning after CNBC reported this morning that the U.S. Commerce Department is close to awarding Intel an $8 billion subsidy to assist with expanding its semiconductor chip operations.
Intel losing US government support in latest blow to struggling chipmaker
Beleaguered chipmaker Intel Corp (NASDAQ:INTC, ETR:INL) is losing half a billion dollars in government subsidies under US president Joe Biden's CHIPS and Science Act, according to a New York Times report. Intel has been the greatest benefactor of Biden's CHIPS Act, which allocated $39 billion in federal funding to enhance the US's domestic chipmaking capabilities.
Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
Intel and the Commerce Department are close to finalizing a roughly $8 billion grant for the struggling chipmaker, according to a person familiar with the matter. The grant will support Intel's chip manufacturing expansion.
