Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.

The reduction in funds is said to be linked to Intel’s delay in completing an Ohio chip manufacturing facility.

In October, Intel posted its biggest quarterly loss in the entire 56-year history of the company, facing more pressure than ...

The U.S. government plans to reduce Intel Corp’s $8.5 billion federal chips grant to under $8 billion, according to a report.

The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military ...

The US is reducing its CHIPS & Science Act grant allotted to Intel (INTC) to below $8 billion, down from the originally ...

The US government is reportedly reducing Intel's CHIPS Act grant from $8.5 billion to under $8 billion due to delays in Intel ...

Chipmaker Intel and the CHIPS and Science Act office are nearing an agreement that would grant the business a grant of almost ...

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, sources said.

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the ...

The Biden administration has decided to cut Intel’s much-anticipated CHIPS Act grant from $8.5 billion to less than $8 ...

The U.S. government plans to reduce Intel Corp's preliminary $8.5 billion federal chips grant to less than $8 billion, the ...