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Why the US government is taking a stake in Intel
The U.S. government's recent stake in Intel comes after a long period of floundering at the company's foundry business. Read More
The US government drops its CHIPS Act requirements for Intel
Intel no longer has to fulfill certain requirements or meet milestones that it was originally supposed to under the CHIPS Act, now that the government is taking a stake in the company. According to ... Read More
Intel amends CHIPS Act deal with US Commerce Department, gets $5.7 billion early
(Reuters) -Intel said on Friday it amended the CHIPS Act funding deal with the U.S. Department of Commerce to remove earlier project milestones and received about $5.7 billion in cash sooner than ... Read More
Intel says it got $5.7B from US government as deal for 10% stake is ‘being ironed out’
Intel received $5.7 billion in CHIPS Act funding as part of a deal that gives the US government a 10% stake in the struggling chipmaker, the company said. Intel finance chief David Zinsner said the ... Read More
The US government drops its CHIPS Act requirements for Intel
"So we picked up 10 billion." Intel eventually announced that the US government will "make an $8.9 billion investment in Intel common stock." The purchase will be made up of the $5.7 billion ... Read More
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