Intel has already received $2.2B in federal grants for chip production

Intel has already received $2.2B in federal grants for chip production

Less than three months since Intel was awarded $7.68bn in milestone-based federal grants, the company has received $2.2bn of that allotment.

BLK ALERTS - Intel has already received $2.2B in federal grants for chip production

Semiconductor giant Intel Corporation has already received $2.2 billion in federal grants from the U.S. Department of Commerce through the U.S. CHIPS and Science Act, the company shared during its Thursday earnings call. Dave Zinsner, Intel’s co-interim CEO, executive vice president, and CFO, said the Silicon Valley-based company received the first tranche of $1.1 billion […] © 2024 TechCrunch. All rights reserved. For personal use only.

Interim co-CEO David Zinsner says Intel has already received $2.2B in federal grants through the CHIPS Act, of the $7.86B awarded to build chips in the US

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