When a U.S. president faces the end of his term, there is often a mad dash to take care of any unfinished business. Sometimes he undertakes tasks at the

The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp. under the CHIPS Act, adding to the struggling U.S. chipmaker’s woes.

Intel could face a reduction in its Chips Act grant, according to a report. The company and advocates in Ohio already had complained about the delay to finalize the award.