The Biden administration trimmed about $500 million from their initial $8.5 billion award to Oregon’s biggest private employer, but it’s not all bad news for Intel.
HILLSBORO, Ore. — The Biden administration announced this week that it will cut some of the funding initially awarded to tech giant Intel under the CHIPS Act as they finalize the deal. At first blush, it’s the latest in a series of bad breaks for Oregon’s biggest private employer — but it’s possible that getting the money now, even if it’s less than expected, could still be good news.
In March, the Biden administration said it would award $8.5 billion
→ Continue reading at KGW TV