Intel's New Funding Came From Already-Awarded Grants. So What Happens Next?

Intel's New Funding Came From Already-Awarded Grants. So What Happens Next?

The U.S. government's 10% stake in Intel "is a mistake," writes the Washington Post's editorial board, calling Intel "an aging also-ran in critical markets" that "has spent recent years stumbling on execution and missing one strategic opportunity after another." But TechCrunch points out that the U.S. government "does not appear to be committing new funds. Instead, it's simply making good on what Intel described as 'grants previously awarded, bu…

Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

BLK ALERTS - The Trump administration’s big Intel investment comes from already awarded grants

While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds.