Intel received $7.86 billion in U.S. government subsidies but faces restrictions on selling its unit.

From Investing.com: 2024-11-27 20:06:05

Intel received $7.86 billion in U.S. government subsidies but faces restrictions on selling stakes in its chipmaking unit if it goes independent. The Commerce Department granted $39 billion for the sector to boost chip manufacturing in the U.S. CEO Pat Gelsinger plans to spin off the chip manufacturing operations. Compliance is needed to continue $90 billion in projects and keep making chips in the U.S.



Read more at Investing.com: Intel’s $7.86 billion subsidy deal restricts sale of its manufacturing unit By Reuters