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Intel Receives Remaining $5.7 Billion in CHIPS Act Grants Under Trump Deal
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Intel Receives Remaining $5.7 Billion in CHIPS Act Grants Under Trump Deal
Aug 28, 2025 10:23 AM

01:14 PM EDT, 08/28/2025 (MT Newswires) -- Intel ( INTC ) Chief Financial Officer David Zinsner said Thursday the company received $5.7 billion in outstanding CHIPS Act grants "last night" under its deal with the Trump administration that gives the government a 9.9% stake in the chipmaker, according to a transcript of the CFO's remarks at the Deutsche Bank Technology Conference.

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