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Windows Central
Windows Central
Technology
Sean Endicott

Intel may lose billions of dollars once set aside by the US CHIPS Act, unless it can get its act together

Intel Corporation United States CDKeys Intel Foundry Lenovo Best Buy Patrick Gelsinger Foundry HP Qualcomm
Michelle Johnston Holthaus holding Lunar Lake SoC on stage for Intel.

What you need to know

  • Intel was set to receive $8 billion in grants through the US CHIPS Act and an additional $11 billion in loans, but that is now in jeopardy.
  • To receive funding through the CHIPS Act, a company must meet milestones and stand up to scrutiny.
  • Intel has struggled in many areas this year, including Intel Foundry services losing money and the company sharing a disastrous earnings report in August.
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