Intel has amended the CHIPS Act funding deal with the U.S. Department of Commerce, receiving $5.7 billion earlier than planned. The revised agreement provides Intel with more flexibility over the funds, while retaining restrictions on how the money can be used. Intel issued shares to the government and set aside shares in escrow for future CHIPS funds. The U.S. government’s $8.9 billion investment gives them a 9.9% equity stake in Intel, sparking questions about the future of corporate America. Intel’s finance chief stated the stake is an incentive for the chipmaker to retain control of its contract manufacturing business.

Read more at Yahoo Finance: Intel amends CHIPS Act deal with US Commerce Department, gets $5.7 billion early