US government likely to award $10 Bn in subsidies to Intel
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The United States government is in talks to provide Intel Corporation with a subsidy package worth over $10 billion, reported Bloomberg. This package, which is still being negotiated, is expected to include loans and direct grants, according to the report. Both the US Department of Commerce, which oversees the disbursement of CHIPS Act funds, and Intel have chosen not to comment on the matter yet.
