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

The reduction in funds is said to be linked to Intel’s delay in completing an Ohio chip manufacturing facility.

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, sources said.

CNBC's Deirdre Bosa joins 'The Exchange' to discuss Intel losing funding from the CHIPS Act.

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the ...

The U.S. government plans to reduce Intel Corp's preliminary $8.5 billion federal chips grant to less than $8 billion, the ...

Chipmaker Intel and the CHIPS and Science Act office are nearing an agreement that would grant the business a grant of almost ...

The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military ...

The US government is reportedly reducing Intel's CHIPS Act grant from $8.5 billion to under $8 billion due to delays in Intel ...

The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp.

Intel, the largest beneficiary of CHIPS Act funding, is set to receive less than $8 billion, a reduction from the $8.5 ...

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