Intel Corp. shares lost 3% Wednesday after the Pentagon reportedly pulled out of a plan to allocate as much as $2.5 billion in a chip grant to the company. According to Bloomberg, the Pentagon's move might decrease Intel's anticipated $10 billion in federal funding from the CHIPS and Science Act.
This is an automated archive made by the Lemmit Bot.
I thought it was weird that they got the grant. Do they even have fabs anymore?