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parliament32 3 days ago

The CHIPS grants had clawback provisions, which carry risk. This transaction removes that risk, so it's very good news for Intel.

> The existing claw-back and profit-sharing provisions associated with the government’s previously dispersed $2.2 billion grant to Intel under the CHIPS Act will be eliminated to create permanency of capital as the company advances its U.S. investment plans.

lugu 3 days ago | parent [-]

How those 2 billions compare with 10% of Intel?