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US government to award Intel $8.5 billion in direct funding under CHIPS Act
Mar 18, 2024 | Posted by Abdul-Rahman Oladimeji | Arizona
The US government is set to award Intel $8.5 billion in direct funding under the CHIPS and Science Act as confirmed by the Department of Commerce on Tuesday. Intel is also to get an additional $11bn in low-interest rate loans and a 25 percent investment tax credit on up to $100 billion of Inte...