Reported about 4 hours ago
The U.S. government is set to reduce Intel Corp's federal chips grant from an initial $8.5 billion to below $8 billion, as reported by the New York Times. This decision considers a $3 billion contract Intel received for Pentagon chip production. The Biden administration previously aimed to boost domestic semiconductor output by offering nearly $20 billion in grants and loans, as part of the CHIPS and Science Act.
Source: YAHOO