In an interview with CRN, Sandra Rivera (pictured) said Intel is sticking with its original plan of selling a smaller stake in the company, before spinning it off via an initial public offering in 2026 at the latest.

Intel is considering breaking up amid struggles and declining market position. Morgan Stanley has been hired to protect against activist investors, with rumors of Qualcomm interest. Investors face uncertainty as Intel’s future direction remains unclear.

Intel is set to receive $8 billion in funding from the US Chips Act and an additional $11 billion in loans. But that funding may be in jeopardy due to the chipmaker's struggles.

Intel's CHIPS Act funds are reportedly being delayed as Washington requests a more concrete manufacturing roadmap from the company.

The US government is likely to delay handing over the $8.5 billion of CHIPS Act funding to Intel, due to the company’s ongoing financial woes. According to a report from Bloomberg, the Department of Commerce has reportedly declined the request for funds,