Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.

The reduction in funds is said to be linked to Intel’s delay in completing an Ohio chip manufacturing facility.

In October, Intel posted its biggest quarterly loss in the entire 56-year history of the company, facing more pressure than ...

CNBC's Deirdre Bosa joins 'The Exchange' to discuss Intel losing funding from the CHIPS Act.

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the ...

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, sources said.

According to media reports, the U.S. government is considering reducing Intel Corporation INTC's federal chips grant under ...

The Biden administration is expected to trim the original $8.5 billion in grant funding to Intel from the CHIPS and Science ...

Intel could face a reduction in its Chips Act grant, according to a report. The company and advocates in Ohio already had ...

This spring U.S. President Joe Biden's administration said it was awarding Intel nearly $20 billion in grants and loans, ...

Chipmaker Intel and the CHIPS and Science Act office are nearing an agreement that would grant the business a grant of almost ...

The U.S. government plans to reduce Intel Corp’s $8.5 billion federal chips grant to under $8 billion, according to a report.