The reduction in funds is said to be linked to Intel’s delay in completing an Ohio chip manufacturing facility.

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, sources said.

Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.

The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp.

Intel could face a reduction in its Chips Act grant, according to a report. The company and advocates in Ohio already had ...

A new report claims that Intel will receive less funding from the CHIPS Act than originally planned because of its business ...

The Intel N150 processor is expected to be a modest update to the popular Intel N100 chip that’s been used in many budget ...

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the ...

The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures ...

The Biden administration is expected to trim the original $8.5 billion in grant funding to Intel from the CHIPS and Science ...

T he U.S. government is scaling down Intel's proposed $8.5 billion federal chips grant to less than $8 billion, partly due to ...

Intel expects a reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker to adjust for a $3 ...