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.

In October, Intel posted its biggest quarterly loss in the entire 56-year history of the company, facing more pressure than ...

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

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

Intel could face a reduction in its Chips Act grant, according to a report. The company and advocates in Ohio already had ...

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

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

The U.S. government plans to reduce Intel Corp’s $8.5 billion federal chips grant to under $8 billion, according to a report.

The US is reducing its CHIPS & Science Act grant allotted to Intel (INTC) to below $8 billion, down from the originally ...