Intel in Talks for More Than $10 Billion in Chips Act Incentives.

The Biden administration is reportedly in discussions to provide Intel Corp. with over $10 billion in subsidies as part of an effort to bring semiconductor manufacturing back to the United States. The incentives would come from the 2022 Chips and Science Act, which allocated $39 billion in direct grants and $75 billion in loans and loan guarantees to encourage semiconductor companies to produce chips domestically. Intel's award package is expected to include both loans and direct grants, although the specific breakdown has not been determined. The company has been lobbying for government support and is currently investing in facilities in Ohio, Arizona, and New Mexico. [Extracted from the article]