Intel losing US government support in latest blow to struggling chipmaker
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Intel Corp is losing $500 million in government subsidies under the US CHIPS and Science Act, a significant setback for the company, which has been a major beneficiary of the Act.
November 25, 2024 | 2:45 pm
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Intel Corp is losing $500 million in government subsidies under the US CHIPS and Science Act, a significant setback for the company, which has been a major beneficiary of the Act.
The loss of $500 million in subsidies is a direct financial hit to Intel, which has been relying on government support to enhance its domestic chipmaking capabilities. This could negatively impact its financial performance and strategic initiatives in the short term.
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