Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says

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 ...