Intel CEO is “frustrated” with CHIPS Act payout progress — Intel has received $0 from the $8.5 billion that the US government promised

In an interview, Pat Gelsinger told the New York Times that he has been “frustrated with the process” of securing promised CHIPS Act funding. Biden’s CHIPS Act promised $8.5b for Intel, but Intel has seen none of it so far. 

In an interview, Pat Gelsinger told the New York Times that he has been “frustrated with the process” of securing promised CHIPS Act funding. Biden’s CHIPS Act promised $8.5b for Intel, but Intel has seen none of it so far.