Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
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Intel is nearing a deal with the Commerce Department for an $8 billion CHIPS Act grant to support its chip manufacturing expansion.
November 25, 2024 | 2:30 pm
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Intel is close to finalizing an $8 billion grant from the Commerce Department under the CHIPS Act, aimed at supporting its chip manufacturing expansion.
The $8 billion grant is a significant financial boost for Intel, which is struggling in the competitive semiconductor market. This funding will aid in expanding its manufacturing capabilities, potentially increasing its market share and revenues.
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