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Intel awarded almost $8 billion in bid to protect US chipmaking interests

  • The Verge faviconThe Verge

    By Jess WeatherbedNov 26, 2024, 7:55 am91 pts
    photo of Intel awarded almost $8 billion in bid to protect US chipmaking interests imageIllustration: Alex Castro / The Verge The Biden administration is giving Intel $7.865 billion in CHIPS Act funding to boost domestic semiconductor manufacturing in the US. The agreement confirmed by the US Department of Commerce today is the largest award granted under the CHIPS Act to date, though notably…
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