Intel's CHIPS Act funding could disappear if the company ditches its plans to expand its manufacturing footprint.
The Biden Administration announced it released $7.865 billion in funding for Intel as part of its CHIPS Incentives Program.
Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.
The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp.
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