Intel Corporation (INTC) to Sell Folsom Campus as Part of Cost-Cutting Amid Struggles to Regain Chip Leadership

Yahoo Finance04:15 ET

Is it less than 8 billion US dollars? The Biden administration is reportedly considering reducing financial subsidies to intel.

1. The US government plans to reduce intel's federal chip subsidy from less than $8.5 billion to less than $8 billion; 2. Part of the reason is that intel has received a $3 billion military chip manufacturing contract, and intel's poor technical roadmap and customer demand are also reasons for the adjustment; 3. Intel's current plight is also a blow to the Biden administration's accelerated domestic chip manufacturing plan.

cls.cn03:26 ET

Intel seeks survival by "dividing the land"! Will sell two large industrial park properties in the usa.

① Intel plans to sell its plant in Folsom, California, and land in Hillsboro, Oregon, to adjust its global real estate strategy and save costs; ② Intel continues to face financial pressure, with a loss of 17 billion USD last quarter, and coupled with diminishing hopes of obtaining subsidies from the usa government, this has forced the company to consider self-rescue actions.

cls.cn02:06 ET

It is reported that the usa government plans to reduce intel (INTC.US) chip subsidies to below 8 billion dollars.

The USA government plans to reduce intel (INTC.US) initial federal chip subsidy from $8.5 billion to below $8 billion.

Zhitong Finance22:36 ET

US Plans To Trim Intel Corp's Federal Chip Grant To US$8 Billion

Business Today21:17 ET

Express News | U.s Plans to Reduce Intel's Preliminary $8.5 Billion Federal Chips Grant to Less Than $8 Billion - New York Times  

Reuters20:05 ET