The U.S. Department of Commerce has awarded Intel Corporation up to $7.86 billion in direct funding through the U.S. CHIPS ...

WASHINGTON (Reuters) - The U.S. Commerce Department said Tuesday it was finalizing a $7.86 billion government subsidy for ...

The Biden administration has finalized a deal to give Intel Corp. nearly $7.9 billion in federal grants, the largest direct ...

The U.S. Department of Commerce today confirmed it has awarded $7.865 billion to chip giant Intel under the CHIPS and Science ...

The Biden administration is in the uncomfortable position of awarding subsidies to a company that's cutting jobs.

The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had ...

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and ...

The awards are part of the Chips and Science Act, a law passed in 2022 with strong bipartisan support that allocates $52 ...

The government grant is less than originally expected because the chip giant is also receiving separate funding for ...

Intel's Chips Act grants are finalized. Here's how much is designated for the $28 billion complex the chipmaker is building ...

Senior administration officials said that the money will only go to help construct half of the $20 billion semiconductor plant.

SCOTT KENNEDY is Senior Adviser and Trustee Chair in Chinese Business and Economics at the Center for Strategic and ...