The White House has announced nearly $20 billion in loans and grants to boost Intel chip production, with up to $8.5 billion in direct funding under the Chips and Science Act. Intel is preparing for a $100 billion spending spree across four US states, aiming to build and expand factories with federal grants, loans, and potential tax breaks.
$INTC winning big with a grant worth up to $8.5B from the CHIPS Act. @TimSeymour sums up what it means for the chipmaker and how to play the stock: https://t.co/r3RnvXq7Nl
Intel winning an $8.5 billion from the Chips Act @JonFortt sat down with CEO @PGelsinger about the significance of this moment for America's global competitiveness in chip manufacturing and for @Intel's turnaround $INTC #chipsact https://t.co/kYrYa4FYaA
Biden administration touts government investing $8.5 billion in computer chip plants in four states https://t.co/8IEuxB6HNA https://t.co/8IEuxB6HNA
President Joe Biden said his $20 billion award to Intel demonstrated his investments in US industries that had withered under Donald Trump’s tenure. https://t.co/0C6M2ESZrm
U.S. pumps up to $20 billion into Intel’s microchip production push https://t.co/F5hKDm6d2s
The CHIPS Act award for Intel is the biggest so far in the federal government's program to revitalize domestic chipmaking, reflecting the ambition of CEO Pat Gelsinger's strategy. https://t.co/ZJKifiZPCw
.@Intel has unveiled plans for a $100 billion spending spree across four U.S. states Aims to transform vacant fields near Columbus, Ohio, into what @PGelsinger describes as the largest #AI chip manufacturing site in the world by as early as 2027 https://t.co/7rY0nTVfSY
BREAKING: Reuters reports that Intel is preparing a '$100-billion spending spree across four U.S. states', including building the 'largest AI chip manufacturing site in the world' near Columbus, Ohio.
“Today is a defining moment for the U.S. and Intel as we work to power the next great chapter of American semiconductor innovation,” said Intel CEO Pat Gelsinger. https://t.co/xBDVT6D25r
Intel CEO @PGelsinger: "Our goal is to have at least 50% of the world’s advanced semiconductors produced in the U.S. and Europe by the end of the decade." https://t.co/DNwCI82AJD
Intel CEO Pat Gelsinger discusses the company's manufacturing outlook with @jonfortt. https://t.co/ZaxsgM6csn https://t.co/854iVY8IIp
A good $20B start for $INTC in US foundry subsidies. https://t.co/DXgzz78oQ4
In bid to compete globally, U.S. to pump as much as $20 billion into Intel computer chip plants https://t.co/ioKva56mRh
Intel scores $8.5B in government cheddar to supercharge fab builds https://t.co/3kftZ9hGw3
Intel Gets $20 Billion in US Grants, Loans for Chip Plants $INTC “We believe we’ve accomplished our objectives in negotiations” @PGelsinger on reporter call last night. “Would I like more? Of course I’d like more.” Also discussed idea of CHIPS Act II https://t.co/UvLpn1NPol
Intel $INTC spending ~$25B per year since they ramped capex in 2021. They've added debt & sold assets as they haven't made enough money. $8.5B in funding, $11B in loans & 25% tax credit means next $100B in US-based capex could cost only $57.6B in cash. https://t.co/12XZ17Ys2c
The 🇺🇸government is granting Intel $INTC up to $8.5 Billion to help fund new chip plants in four states - WSJ
Intel is planning a $100 billion spending spree across four US states to build and expand factories after securing $19.5 billion in federal grants and loans - and it hopes to secure another $25 billion in tax breaks https://t.co/xB0dAmtGOw
$INTC (+3.5% pre) Intel prepares for $100 billion spending spree across four US states - Reuters https://t.co/RpMzWb5Dhr
Intel jumped premarket after winning $8.5 billion in US grants and as much as $11 billion in loans to help fund the expansion of its domestic chip factories https://t.co/d7KsO8EcdN
"Intel Wins Almost $20 Billion in US Awards for Chip Plants" https://t.co/vbknVbpG2b https://t.co/nVQN0zmrBK
The $20 billion Intel headlines are weird. It’s “up to” $8.5 billion in direct grants and “up to” $11 billion in loans. The $25 billion tax credit benefit is the interesting part. All of it so far non-binding and preliminary, subject to due diligence. https://t.co/rCBPdgJgbE
White House proposes up to $8.5B to fund Intel’s domestic chip manufacturing https://t.co/2m34eeiG5C
White House proposes up to $8.5B to fund Intel’s domestic chip manufacturing: https://t.co/orDI3zlBbC by TechCrunch #infosec #cybersecurity #technology #news
Global News | Intel wins almost $20 bn in chips act incentives for US plants: Agencies @intel https://t.co/d8aFKbQOO4
Intel prepares for $100 billion spending spree across four US states https://t.co/3qM4aBuq0K https://t.co/MkQMRFCnhN
How Intel won $8.5 billion in chipmaking cash from Biden https://t.co/yBaO3FnWN4 by @benwerschkul
INTEL AND BIDEN-HARRIS ADMINISTRATION ANNOUNCE PRELIMINARY TERMS FOR UP TO $8.5 BILLION IN DIRECT FUNDING UNDER CHIPS AND SCIENCE ACT
#BREAKING White House unveils almost $20 bn in loans, grants to boost Intel chip production https://t.co/pKM1QiXy5G