Advertisement Intel's median employee pay rose 4% in five years, lagging behind other tech firms.Other tech companies like Nvidia and Microsoft increased pay by at least 12%.Intel plans to cut $10 billion in expenses and expand chip factories with new CHIPS Act funding.Intel's median employee pay has only increased by 4% over the past five years, an analysis of annual proxy statements filed with the SEC showed.In comparison, other chipmakers and Big Tech companies like Nvidia, AMD, Qualcomm, and Microsoft ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Intel Corporation (NASDAQ: INTC ) experienced a challenging quarter with multiple impairments that pushed down margins on top of its -6% top-line decline. Despite the near-term headwinds, management is positioning the organization for modest growth and improved profitability. WithMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range ...

Key TakeawaysIntel and the Biden administration have agreed to terms for the chipmaker to receive up to $7.86 billion in CHIPS Act funding.The funding will support the expansion or building of new facilities across Arizona, New Mexico, Ohio, and Oregon.Intel will receive less than the initially announced reward in March, which was up to $8.5 billion, because of other existing defense contracts. Intel (INTC) and the Biden administration have finalized terms to an agreement that will see the chipmaker receive ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Advertisement Intel is getting $7.9 billion in federal grants from the Biden administration.The US Department of Commerce announced the grant, part of the CHIPS Act, on Tuesday.President-elect Donald Trump has criticized the CHIPS Act in favor of tariffs. Intel is receiving about $7.9 billion in federal grants, the US Department of Commerce said Tuesday, as the Biden administration finalizes CHIPS Act agreements ahead of Donald Trump taking office. It is more than $600 million less than President Joe Biden ...

According to media reports, the U.S. government is considering reducing Intel Corporation (INTC) 's federal chips grant under the CHIPS and Science Act from $8.5 billion to less than $8 billion. On the condition of anonymity, various sources associated with the proceedings observed that the decision was largely because Intel had procured a $3 billion contract from the Pentagon to produce chips for the U.S. military.Intel’s delay in some of its planned investments in chip facilities in Ohio might have also i ...

Even massive help from the government can't make Intel stock a buy.Intel (INTC 3.58%) stock gained 4.1% through 9:45 a.m. ET Monday morning after CNBC reported this morning that the U.S. Commerce Department is close to awarding Intel an $8 billion subsidy to assist with expanding its semiconductor chip operations.The Wall Street Journal had previously reported (last week) that this grant was on the way.Good news, bad newsOne quirk to this story is that last week, WSJ indicated Intel was in line for an $8.5 ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Chipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company a roughly $8 billion grant, according to a person familiar with the matter, as the Biden administration moves to dole out funds before President-elect Trump's inauguration.That $8 billion will go towards Intel's factory-building efforts, said the person. The Commerce Department is expected to finalize the awards in the coming weeks, the person said.Intel is also in line for a $3 billion contract to manufact ...