Commerce Department to reduce Intels funding on semiconductors [Video]

Post author By Curator
Post date November 26, 2024

LOS ANGELES (AP) — The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans in March. The changes to Intel’s funding are not related to the company’s financial record or milestones.

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Commerce Department to reduce Intel's funding on semiconductors Boston 25 News [Video]

Post author By Curator
Post date November 26, 2024

The Biden administration plans on reducing part of Intels $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations

Tags Business Funding, Small Business, State Grants

Small Business Funding

Commerce Department to reduce Intels funding on semiconductors [Video]

Post author By Curator
Post date November 26, 2024

LOS ANGELES (AP) The Biden administration plans on reducing part of Intels $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that