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Intel CFO says Trump deal removed uncertainty around CHIPS Act billions
Intel CFO says Trump deal removed uncertainty around CHIPS Act billions
Intel CFO says Trump deal removed uncertainty around CHIPS Act billions

Published on: 08/28/2025

This news was posted by Oregon Today News

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Among other things, the chipmaker was worried that the Trump administration would take back $2.2 billion the government had already paid the company.

Intel’s chief financial officer says the chipmaker agreed to sell stock to the Trump administration because last week’s deal provided assurance that the government wouldn’t rescind billions of dollars the Biden administration had promised the chipmaker.

News Source : https://www.oregonlive.com/silicon-forest/2025/08/intel-cfo-says-trump-deal-removed-uncertainty-around-chips-act-billions.html

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