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Intel Receives $5.7 Billion in CHIPS Act Grants Under a Deal With President Trump as the Firm Bets Big on Its Foundry Division

Intel CEO and President Trump

Intel has reportedly received the rest of its CHIPS Act grants, according to CFO David Zinsner, and this move has positioned the firm’s balance sheet in a great spot. Intel’s Balance Sheet Has Now Significantly Improved Following The Deal With The Trump Administration Team Blue was all over the headlines a few days ago, mainly due to the firm’s deal with the Trump administration, under which they will own a 10% stake in the company, which has been adjusted under the CHIPS Act grants to make it a budget-neutral move. Now, while speaking at the Deutsche Technology Conference, Intel’s CFO […]

Read full article at https://wccftech.com/intel-receives-5-7-billion-in-chips-act-grants-under-a-deal-with-president-trump/