TECH - Intel In Talks With Biden Administration For $10B Subsidy | Benzinga
Intel Corporation (NASDAQ:INTC) is reportedly in discussions with the Biden administration to receive over $10 billion in subsidies.
This potential funding marks the largest allocation under a plan to revive semiconductor manufacturing in the United States, Bloomberg reported, citing people familiar with the matter.
The award package for Intel is anticipated to comprise of loans and direct grants, the report read.
Discussions are ongoing, Bloomberg noted.
The incentives will come from the 2022 Chips and Science Act, which allocated $39 billion in direct grants, alongside loans ...