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International Business Times
International Business Times
Business
Vidhya Ck

Intel's $7.86B US Subsidy Restricts Sale Of Chipmaking Unit

Intel Corporation Intel Foundry United States the US Department of Commerce
Intel's funding is part of the 2022 CHIPS Act, which allocated $39 billion to subsidize the chip industry. (Credit: AFP)

Intel has stated that its $7.86 billion in U.S. government subsidies restricts its ability to sell stakes in its chipmaking unit if it becomes an independent entity.

With the new U.S. government subsidies, the terms outlined in Intel's securities filing, on Wednesday, set certain restrictions on how Intel Foundry can be managed.

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