Intel is seeking additional funding from investors at a discounted price, following a $2 billion capital injection from SoftBank Group. The struggling chipmaker’s contract manufacturing business faces tough competition from TSMC, putting strain on its balance sheet. The U.S. government may take an equity stake in exchange for CHIPS Act grants. Intel’s recent losses mark a shift in its financial stability.

Read more at Yahoo Finance: Intel in talks with large investors for equity boost at discount, CNBC reports