Filing: Intel says its funding deal with the US loosens its requirements under the CHIPS Act, including removing the need to meet certain project milestones
The company no longer needs to meet certain project milestones or adhere to some workforce policies, among other conditions
Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity
and every American should be [video] Kelsey Piper / @kelseytuoc : @recurseparadox Congress can repeal the CHIPS act if they want to. (I think they shouldn't, but they could). But ‘Congress authorized ...
Sources: US Commerce Secretary Howard Lutnick is looking into government equity stakes in Micron, TSMC, Samsung, and others that receive CHIPS Act funding
‘We should get an equity stake for our money’ Rich Smith / Motley Fool : Why Micron Stock Got Clobbered Today Tyler Lee / Android Headlines : Trump's Plan: Turn CHIPS Act Grants Into Stakes in Samsung...
The former CHIPS Program Office director says repealing the CHIPS Act risks US national security, and tariffs alone won't revitalize domestic chip manufacturing
Tariffs alone will not achieve the goal of revitalising domestic semiconductor manufacturing
Interim co-CEO David Zinsner says Intel has already received $2.2B in federal grants through the CHIPS Act, of the $7.86B awarded to build chips in the US
Rebecca Szkutak / TechCrunch :
During his confirmation hearing for Secretary of Commerce, Howard Lutnick called the CHIPS Act an “excellent down payment” but pledged to review binding awards
Mackenzie Hawkins / Bloomberg :
Examining Biden's tech legacy and the CHIPS Act, as the White House says $446B has been announced for chips and electronics manufacturing since he took office
at least $561 billion — has yet to be obligated or is not yet available for agencies to spend.” www.politico.com/news/2024/12... [images] X: @politico : Biden had just a single term to try to transfo...
The US awards a $4.75B CHIPS Act grant to Samsung and $1.6B to Texas Instruments for new factories in Texas and Utah, rounding out the program's largest grants
@techmeme.com [embedded post] @jimobx : Trump will take credit. @gtjr : This is a program that the incoming administration wants to kill Dr. Steven Buckley / @stevenjcbuckley : Ted Cruz voted against ...
The US finalizes a $458M grant for SK Hynix under the CHIPS Act and $500M in loans to build a $3.87B chip packaging facility in Indiana
Mackenzie Hawkins / Bloomberg :
Q&A with Arm CEO Rene Haas on AI's potential, working with Intel, TSMC, and Samsung, the Trump admin, China and IP licenses, the CHIPS Act, OpenAI, and more
The head of the ubiquitous chip design firm on the ‘breathtaking’ pace of AI. … Earlier this month, I teased an upcoming interview …