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Pentagon to Manage Intel's Latest $3 Billion Grant Under CHIPS Act

As foreign rivals leave the marquee chip maker behind, Intel gets a boost from the government, which wants to keep some semiconductor manufacturing securely and reliably based in the U.S., with generous cash incentives.

CNBC on MSN · 1d

Biden administration awards Intel up to $3 billion under the CHIPS Act

The Biden administration awarded Intel up to an additional $3 billion under the CHIPS and Science Act for the "Secure Enclave" program, designed to expand the supply of microelectronics for the Department of Defense.

Columbus Dispatch on MSN · 1d

Intel confirms $3 billion more in federal aid to produce chips for the military

Intel has collected another federal grant, this one that's worth up to $3 billion to produce semiconductors for the military.

Intel Signs AI Chip Deal With Amazon

CNN on MSN · 1d

Intel shares jump on chip deal with Amazon

Intel’s partnership with AWS is part of the chipmaker’s attempt to play catch-up. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement.

Fortune on MSN · 5h

Intel stock surges 14% on AI chip deal with Amazon

The two companies will co-invest in making "fabric chips" that will be built in a new factory under construction outside Columbus, Ohio.

PCMag on MSN · 10h

Intel Developing AI Chips for Amazon in Multibillion-Dollar Deal

Intel is making two new AI-capable chips for Amazon's cloud computing unit, including one based on Intel's Xeon 6.

1don MSN

What the Chips Act is missing 2 years later

Two years after the Biden-Harris administration signed the Chips and Science Act into law, more than half of the $52 billion ...

23h

Intel, Aiming to Reverse Slump, Unveils New Contracts and Cost Cuts

The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with ...

2hOpinion

Intel’s woes deliver a gut punch to Biden’s semiconductor policy

President Biden’s industrial policies to revitalize domestic manufacturing and meet Chinese competition in Artificial ...

Government Technology4d

States Vie to Win Semiconductor Centers Under CHIPS Act

U.S. Senate Majority Leader Charles Schumer may have had New York in mind to host a federal research center when he wrote the ...

CHIPS Act may be 'durable' no matter who's in the White House

The Biden administration has invested nearly $34 billion in building out domestic semiconductor manufacturing sites in just ...

Intel factory delay hinders EU chip ambitions amid Germany’s economic uncertainty

Intel's delay in constructing its German semiconductor plant disrupts the European Union's chip production goals under the EU ...

18h

Michigan eyeing major semiconductor development for Genesee Co. site

Three sources in and around government described the project as involving thousands of jobs and tens of billions of dollars ...

Yahoo Finance7d

Intel’s CHIPS Act fund delayed by officials — Washington reportedly wants more information before disbursing billions of dollars

When you buy through links on our articles, Future and its syndication partners may earn a commission. Intel is reportedly facing a delay in the release of its CHIPS Act funds promised by the ...

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