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Intel has already received $2.2B in federal grants for chip production
Less than three months since Intel was awarded $7.68bn in milestone-based federal grants, the company has received $2.2bn of that allotment.
Semiconductor giant Intel Corporation has already received $2.2 billion in federal grants from the U.S. Department of Commerce through the U.S. CHIPS and Science Act, the company shared during its Thursday earnings call. The company was awarded a total of $7.86 billion in federal grants to build semiconductors in the U.S. in November as part of the U.S. Department of Commerce’s U.S. CHIPS and Science Act. “We look forward to continued engagement with the Trump Administration as we advance this work and support their efforts to strengthen U.S. technology and manufacturing leadership,” Zinsner said, earlier on the call.
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