Intel CHIPS Act Funding Cut
This is a news story, published by Engadget, that relates primarily to Intel news.
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CHIPS Act fundingEngadget
•Technology
Technology
Intel’s CHIPS Act funding cut by over $600 million
79% Informative
Intel will receive $7.85 billion instead of $8.5 billion from the CHIPS Act .
The bill is a central component of the Biden White House’s silicon production bill.
Intel posted its biggest-ever quarterly loss last month after announcing 15,000 layoffs in August .
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