Intel Finally Locks Down Billions in CHIPS Act Funding

After a long period of uncertainty, semiconductor giant Intel (INTC -1.54%) finally has some clarity on the amount of funding it will receive from the U.S. government to help fuel its expansion plans. Intel is set to invest more than $100 billion in the U.S. over five years in a bid to retake manufacturing leadership and grow into the world's second-largest foundry.The CHIPS and Science Act, which was signed into law in August 2022, set aside tens of billions of dollars for subsidies to revitalize and stren ...