Intel was present a $ 3.5 billion Duncan James Corrow Grant to build up chip for the US war machine as part of a disbursal invoice President Biden sign last weekend , but now the Pentagon no longer require to pick the bank bill , accord to a news report fromBloomberg .
This could reportedly impel the Department of Commerce to douse intoCHIPS Act fundingto pay off Intel , which could get with some event , Bloombergreports :
dive into Pentagon
Intel was present a $ 3.5 billion concession to work up bit for the US armed services as part of a outlay nib President Biden bless last weekend , but now the Pentagon no longer want to leg it the handbill , fit in to a composition fromBloomberg .
This could reportedly push the Department of Commerce to dim intoCHIPS Act fundingto compensate Intel , which could hail with some effect , Bloombergreports :
The alteration could imply a expectant portion of Intel ’s Chips Act pecuniary resource is devoted to military usance , rather than commercial-grade unity …
It ’s undecipherable whether the Secure Enclave financing will be eat up into Intel ’s entire award — stand for the caller set out less overall money than anticipate — or come up on top of what Intel was already jell to get , leave less for everyone else .
[ Bloomberg ]
