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Intel's CHIPS Act funding restricts the sale of foundry buisness — company has to maintain majority share if it spins off manufacturing unit
Intel must maintain control of Intel Foundry even in case it decides to spin it off into a separate private or public company.
Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit
Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity. The U.S. Commerce Department announced the subsidy to Intel on Tuesday,
Intel’s $7.9B subsidy deal comes at a high price for the chipmaker
In September, Intel CEO Pat Gelsinger announced plans to spin off Intel Foundry, citing potential flexibility to secure independent funding.
Intel's $7.86 billion subsidy deal restricts sale of its chip manufacturing unit
Intel has said that its deal for $7.86 billion in US government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity. The US Commerce Department announced the subsidy to Intel on Tuesday,
2d
on MSN
Intel Receives $7.9 Billion in Chips Act Funding, but Says It Won’t Take Federal Loans
The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had ...
2d
on MSN
Intel and Biden Administration finalize $7.86B CHIPS Act grant for domestic manufacturing
The U.S. Department of Commerce today confirmed it has awarded $7.865 billion to chip giant Intel under the CHIPS and Science ...
2d
Intel secures nearly $7.9B in CHIPS Act funds, half headed to Arizona
The U.S. Department of Commerce announced that it will make a final award to Intel Corp. of up to nearly $7.87 billion in ...
6d
Micron's CHIPS and Science Act funding could become official before 2025, McMahon says
CHIPS Act funding could officially be designated for Micron's Central New York project before the new year, according to ...
CRN
2d
Intel To Get Nearly $8B In Subsidies In US CHIPS Act Deal
Intel said it has finalized a deal with the White House to receive nearly $8 billion in federal funding to subsidize new chip ...
2d
Intel To Receive Nearly $8 Billion In Federal Funding Under CHIPS Act for US Expansion
Intel receives $7.86B in funding from U.S. Department of Commerce under CHIPS Act, supporting semiconductor manufacturing and ...
7d
Upstate NY microchip manufacturer finalizes $1.5B CHIPS Act agreement
Money from the CHIPS and Science Act is officially coming to Upstate New York. GlobalFoundries’ $1.5 billion agreement with ...
13d
Biden administration signs off on $6.6 billion in CHIPS Act funds for TSMC's Phoenix site
Commerce Department has finally agreed to release $6.6 billion to help fund the Phoenix plant being built by TSMC. Trump has ...
GovCon Wire
1d
Intel Lands $7.9B in CHIPS Act Funding
Learn more about the $7.9 billion in direct funding awarded by the Department of Commerce to Intel through the CHIPS and Science Act to advance semiconductor production projects.
Business Wire
2d
Intel and Biden-Harris Administration Finalize $7.86 Billion Funding Award Under US CHIPS Act
The U.S. Department of Commerce has awarded Intel Corporation up to $7.86 billion in direct funding through the U.S. CHIPS ...
Electronic Design
1d
White House Finalizes $6.6B in Funding to Boost TSMC Chip Production
TSMC will funnel the funds toward construction of a trio of Arizona-based semiconductor manufacturing plants in efforts to ...
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