Intel, US to finalize $8.5-B chips funding

By Reuters

Sep 28, 2024 12:10 am

INTEL and the US government will likely finalize $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions.

The discussions were at an advanced stage, but there was no guarantee it would be finalized before 2024 end, the report said, adding that any takeover of all or part of Intel's business could risk disrupting the talks.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

ECB policymakers split on inflation risks

US has best-performing economy – Fed chief

Indonesia's exports, imports beat forecasts

Japan economic growth slows in Q3

Lenovo plans global factory expansion

Hyundai picks first foreign-born CEO

TikTok makes AI driven ad tool available globally