Reported about 9 hours ago
Intel announced it received a $5.7 billion grant, negotiated as part of a 10% stake deal by the U.S. government. While Intel's finance chief confirmed the grant's receipt, the White House indicated that the agreement is still in discussion, with final details being worked out by the Department of Commerce. Intel aims to stabilize its foundry business amidst significant restructuring efforts, including job cuts and seeking major customers for its manufacturing services.
Source: YAHOO