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The amount is less than the $8.5 billion in direct funding President Joe Biden announced in March for the Intel project in New Albany and three other states.
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The Biden administration plans on reducing part of Intel's $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations.
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President Joe Biden announced in March that nearly $20 billion in CHIPS Act money would be spread across Intel projects in Licking County, Arizona, Oregon and New Mexico.
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Business & EconomyGov. Mike DeWine said Thursday he's been in touch with Intel CEO Pat Gelsinger and sees no signs of trouble for the $20 billion project in Ohio as the chip maker cuts costs globally.
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A deal between AEP Ohio and Intel to have AEP Ohio's customers foot the $95-million bill for the new electric infrastructure Intel needs is gaining more support.
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State officials and business leaders aren’t sounding any alarm bells on the tech giant’s progress to build a $20 billion manufacturing facility in central Ohio.
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Intel and AEP Ohio have come to an arrangement for how the chip manufacturer will pay the electric company for services. The agreement relies on AEP Ohio's customers to foot the bill.
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Intel is making a historic investment in central Ohio, but what will the environmental impact of its manufacturing plant be for its neighbors?
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Business & EconomyThe superload is the 12th of roughly two dozen needed for the Intel facility, and the first of four extra-large superloads.
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Intel is making a historic investment in central Ohio, but what will the environmental impact of its manufacturing plant be for its neighbors?