Intel

Intel and Biden Administration finalize $7.86B CHIPS Act grant for domestic manufacturing

The U.S. Department of Commerce confirmed on Tuesday it has awarded $7.865 billion to chip giant Intel under the U.S. CHIPS and Science Act, a federal statute signed into law by President Joe Biden in 2022 to boost domestic semiconductor manufacturing. The funding will go toward manufacture and advanced packaging (techniques to assemble and integrate […]

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Intel moves to spin out foundry business, inks AI chip deal with AWS

Intel has announced a key customer win and changes to its foundry business as the beleaguered chipmaker looks to execute a turnaround. Intel is taking steps to transition its chip foundry division, Intel Foundry, to an independent subsidiary, Intel CEO Patrick Gelsinger said in a blog post. Intel Foundry’s leadership isn’t changing, and the subsidiary

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