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 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.

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

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

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

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 ...

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

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

This spring U.S. President Joe Biden's administration said it was awarding Intel nearly $20 billion in grants and loans, ...