Intel received $5.7 billion from the US government

During a conference on Thursday, Intel CFO David Zinsner confirmed receiving the investment as part of the US government’s plan to take a 10 percent stake in the struggling chipmaker. The investment stems from the $5.7 billion grant the US government promised Intel under the CHIPS Act.

Source: The Verge

Leave a Reply

Your email address will not be published. Required fields are marked *