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Intel expects reduced US grant after winning defense contract

Channel News Asia LogoChannel News Asia2h ago

Intel expects reduced US grant after winning defense contract - Channel News Asia

Quick Summary:

Intel expects a small reduction from the $8.5 billion preliminary U.S.subsidies planned for the chipmaker, according to a person familiar with the matter.The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.

But in September, Intel also won a $3 billion contract with the U.S.Department of Defense.

FILE PHOTO: A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023.


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Intel expects reduced US grant after winning defense contract - Channel News Asia (Picture 1)Intel expects reduced US grant after winning defense contract - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 00:04:25 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 181 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23837822

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 29 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/intel-expects-reduced-us-grant-17325517618512

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