
US Eyes 10% Intel Stake via Chips Act Grants
The U.S. may convert $10.9B in Chips Act grants into a 10% equity stake in Intel, aiming to boost its foundry revival amid a leadership shake-up.
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The U.S. may convert $10.9B in Chips Act grants into a 10% equity stake in Intel, aiming to boost its foundry revival amid a leadership shake-up.
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Intel cuts 15% of its workforce and suspends dividends as it pivots to AI chip manufacturing, impacting the global tech landscape.
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Intel reports a $7 billion operating loss for its chip-making unit in 2023 as it battles to regain its technological edge against competitors like TSMC, planning significant investments to turn around by 2027.