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Intel Officially Manages To Get A New Financial Lifeline Through CHIPS Act, Gets Additional $3 Billion In Direct Funding

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Intel Officially Manages To Get A New Financial Lifeline Through CHIPS Act, Gets Additional $3 Billion In Direct Funding 1

After weeks of urgent negotiations, Intel has finally managed to receive additional grants under the US CHIPS Act, awarded up to a total of $3 billion in direct funding. Intel Receives New Grants By The Biden Administration To Ensure Chipmaker's Growth & Sustainability [Press Release]: The Biden-Harris Administration announced today that Intel Corporation has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program. The program is designed to expand the trusted manufacturing of leading-edge semiconductors for the U.S. government. The Secure Enclave program builds on previous projects between Intel and […]

Read full article at https://wccftech.com/intel-official-new-financial-lifeline-chips-act-additional-3-billion-direct-funding/

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