Intel and US to finalise $8.5 bln in chips funding by year-end, FT reports

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A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS
Sept 27 (Reuters) – Intel (INTC.O), and the U.S. government are on track to finalise $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions.

Reporting by Rhea Rose Abraham in Bengaluru

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