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