Loading...
Market
Story
Biden Administration Finalizes $7.86B CHIPS Act Grant for Intel
Nov 25, 2024, 05:16 PM
The Biden administration has finalized a deal to provide Intel with a $7.86 billion grant under the CHIPS Act to fund the construction of new chip manufacturing plants in four states: Arizona, New Mexico, Ohio, and Oregon. This grant, the largest awarded under the Biden administration's program to revive American manufacturing, was initially expected to be $8.5 billion. The reduction in the grant amount is attributed to Intel's recent $3 billion contract to produce chips for the military, as well as the company's financial challenges and delays in investment commitments. Intel has also opted not to pursue a separate $11 billion low-cost government loan that had been offered earlier in the year.
View original story
Similar markets
Intel • 25%
AMD • 25%
NVIDIA • 25%
Other • 25%
AMD • 25%
NVIDIA • 25%
Qualcomm • 25%
Other • 25%
Rapidus • 25%
Samsung • 25%
Intel • 25%
Other • 25%
Samsung • 25%
Intel • 25%
AMD • 25%
Other • 25%
TSMC • 25%
GlobalFoundries • 25%
Intel • 25%
Other • 25%
Intel • 25%
Samsung • 25%
TSMC • 25%
Other • 25%
Intel • 25%
AMD • 25%
Texas Instruments • 25%
Other • 25%
Intel • 25%
TSMC • 25%
Samsung • 25%
Other • 25%
Intel • 25%
TSMC • 25%
Samsung • 25%
Other • 25%
Intel • 25%
Samsung • 25%
AMD • 25%
Other • 25%
SK Hynix • 25%
Intel • 25%
Micron • 25%
Other • 25%
Intel surpasses Taiwan Semiconductor • 25%
Intel matches Taiwan Semiconductor • 25%
Intel remains behind Taiwan Semiconductor • 25%
Other • 25%