Intel anticipates a reduction in its initially planned $8.5 billion US chip subsidy due to a $3 billion Pentagon deal. The final grant is expected to exceed $7.5 billion, with the reduction stemming from the Pentagon contract being funded from the CHIPS Act allocation. This comes amid Intel's struggles with declining margins and layoffs, despite significant investments.
from Tech-Economic Times https://ift.tt/D2P1qT4
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