Intel Snags $5.7 Billion Early in CHIPS Act Deal With U.S. Government
Intel has reworked its CHIPS Act funding agreement with the U.S. Department of Commerce, securing about $5.7 billion in cash sooner than expected. The change, announced Friday, gives the company more flexibility in how it uses the funds. The amended deal revises an earlier agreement from November 2024 and removes some project milestones. But it…
