US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion - New York Times

Quick Summary:

The U.S.government plans to reduce Intel Corp's preliminary $8.5 billion federal chips grant to less than $8 billion, the New York Times reported on Sunday citing unnamed sources.

US plans to reduce Intel's $8.

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times.This spring U.S.

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Category: EconomyBusiness

Markets: Singapore

Topics: Billion Grants Plans Semiconductor Loans Intel Chips Government Preliminary Reduce

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 09:30:12 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23808876

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 6 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #27

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