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Dow Jones Top Company Headlines at 7 PM ET: Intel's CHIPS Act Requirements Waived After U.S. Government Takes Stake | Spirit ... The company no longer needs to meet certain project milestones or ...
President Trump’s forays into private business appear to be driven by money rather than an overarching plan to bolster ...
Intel said on Friday it amended the CHIPS Act funding deal with the U.S. Department of Commerce to remove earlier project milestones and received about $5.7 billion in cash sooner than planned.
Intel said earlier this week that the U.S. government would take an equity stake funded by the remaining $5.7 billion in grants previously awarded, but not yet paid, to Intel under the CHIPS Act.
The federal government’s revenue-sharing agreements with Nvidia and AMD, as well as its equity stakes in Intel, U.S. Steel, and MP Materials, threaten the very foundations that have made the U.S.
As far as the former and latter go, Zinsner confirmed that Intel has already received the $5.7 billion US dollars promised by ...
Learn why Intel views the U.S. government's new equity stake as potentially beneficial, despite concerns raised by some commentators about potential interference.
The new Secretary of the U.S. Department of Housing and Urban Development, Scott Turner, visited Columbus to discuss the ...
U.S. government deal marks a major policy shift, boosting domestic chipmaking with funding and equity while limiting Intel’s strategic flexibility and independence.
Under President Trump, the U.S. government has become a minority owner of Intel and will take a cut of Nvidia’s and Advanced Micro Devices’ sales of artificial-intelligence chips to China. Government ...
Discover why President Donald Trump's assault on capitalism via the Intel deal could set U.S. taxpayers and Republicans on a ...
Trump’s recent actions recall earlier episodes of US industrial policy, such as wartime production controls and financial crisis interventions, when governments ...