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Intel awarded $7.9 billion from the CHIPS Act ahead of Trump's second term
INTCIntel(INTC) Business Insider·2024-11-26 12:26

Advertisement Intel is getting 7.9billioninfederalgrantsfromtheBidenadministration.TheUSDepartmentofCommerceannouncedthegrant,partoftheCHIPSAct,onTuesday.PresidentelectDonaldTrumphascriticizedtheCHIPSActinfavoroftariffs.Intelisreceivingabout7.9 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 ...