As interest in Intel’s faltering business grows, the chip pioneer is reportedly set to finalize billions of dollars in direct ...

In March 2024, the Biden Administration and Intel signed a preliminary memorandum of terms (PMT) for the $8.5 billion funding ...

President Biden signed the CHIPS Act into law in August 2022 and called it a "once-in-a-generation" piece of ...

The Biden-Harris administration has announced the first binding award from the U.S. Chips and Science Act since allocating ...

The House of Representatives passed the Building Chips in America Act Monday, designed to bring microchip manufacturing back ...

Intel Corp. and the U.S. government will likely finalize a deal to provide the company with $8.5 billion in CHIPS Act funding ...

Sources say that Intel could start receiving parts of its $8.5-billion CHIPS Act payout before the end of 2024.

Polar Semiconductor, a manufacturer of power and sensor chips, is the first company to be officially awarded under the Biden ...

Polar Semiconductor is jointly owned by Allegro and Sunken Electric, and is a supplier of 200 millimeter wafers. The company ...

Additionally, the DOC through the CHIPS Act has finalized its direct investment to Polar Semiconductor of up to $123 million as the first Funding Opportunity for Commercial Fabrication Facilities.

Intel is to get $8.5 billion of Chips Act money by the end of the year, reports the FT, but the grant is said to be ...