Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available

U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022.The White House said Intel has been awarded up to $8.5 billion in CHIPS Act funding, as the Biden administration ramps up its effort to bring semiconductor manufacturing to U.S. soil.Intel could receive an additional $11 billion in loans from the CHIPS and Science Act, which was passed in 2022. The awards will be annou ...