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Biden admin reducing Intel chip grant below $8B

Intel expects reduced U.S. grant after winning defense contract

Intel expects a reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker to adjust for a $3 billion deal with the Pentagon, two sources familiar with the matter said on Monday.

Computerworld · 15h

Intel’s CHIPS Act grant reduced as production delays and losses mount

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

FOX News on MSN · 7h

Biden admin reducing Intel chip grant below $8B: reports

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

Intel, Folsom

CBS News on MSN · 1d

Chipmaker Intel announces plans to sell, lease back Folsom site in effort to cut costs

Chipmaker Intel Corp. announced plans to sell and lease back its Folsom site nearly a month after the technology giant said it would be laying off nearly 300 employees at the site in November.

Intel plans sale and leaseback of its 150-acre Folsom, California campus — releasing capital but maintaining operations and staff

When companies experience financial difficulties, they might often sell off property to make some cash. In many cases, the companies lease the property back so as not to move their facilities, so not many things change. This is apparently what is going to happen to Intel's campus in Folson, California, reports OregonLive.

Intel to sell Folsom campus and lease back only space it needs, company says

Intel’s CEO said it would deliver $10 billion in cost savings by 2025. Plans to sell the Folsom site come after 272 employees were notified of layoffs last month.

1h

Qualcomm’s Takeover Interest in Intel Is Said to Cool

Qualcomm Inc.’s interest in pursuing an acquisition of Intel Corp. has cooled, according to people familiar with the matter, ...

2h

Qualcomm's interest in acquiring Intel has cooled, Bloomberg News reports

Qualcomm's interest in acquiring chipmaker Intel is said to have cooled, Bloomberg News reported on Monday, citing people ...

7hon MSN

Intel's 20-year-old AI ethics prodigy on the future of artificial intelligence

Following a period studying neurobiology and during the completion of her first computer science degree, Cheruvu was hired ...

7hon MSN

Commerce Department to reduce Intel’s funding on semiconductors

The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around ...

11hon MSN

Why Intel Stock Popped on Monday

Intel ( INTC 3.25%) stock gained 4.1% through 9:45 a.m. ET Monday morning after CNBC reported this morning that the U.S.

8hon MSN

Intel Corp (INTC) May Sell Altera: Lattice Semiconductor Eyes Acquisition

In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other AI news that broke ...

9h

US Government to Trim Intel Chips Funds: Will it Hurt INTC Stock?

According to media reports, the U.S. government is considering reducing Intel Corporation INTC's federal chips grant under ...

9h

There’s a new budget Intel gaming CPU coming, benchmark leak suggests

This leaked Intel Core Ultra 5 225F benchmark shows how this likely budget-focused Arrow Lake processor is geared up to ...

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