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Fine print in Intel's CHIPS Act deal includes requirement to keep control of its foundries

Friday November 29, 2024. 05:29 AM , from TheRegister
That will limit Chipzilla's ability to cash in and bail itself out
Intel has quietly revealed that the $7.86 billion of cash coming its way thanks to the US CHIPS Act came with conditions that include Chipzilla retaining control of its foundries – an asset the struggling silicon giant may have intended to offload.…
https://go.theregister.com/feed/www.theregister.com/2024/11/29/intel_chips_act_grant_foundry_conditi...

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