Intel CFO says chipmaker has received $5.7 billion in outstanding CHIPS Act grants under Trump deal-February 2024-www.financetom.com

Intel CFO says chipmaker has received $5.7 billion in outstanding CHIPS Act grants under Trump deal

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Intel CFO says chipmaker has received $5.7 billion in outstanding CHIPS Act grants under Trump deal

Aug 28, 2025 9:53 AM

(Reuters) -Intel ( INTC ) received the $5.7 billion in outstanding grants from the CHIPS Act that is being converted into the U.S. government's stake in the struggling chipmaker "last night," Chief Financial Officer David Zinsner said at a Deutsche Bank tech conference in California on Thursday.

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