Intel CFO says chipmaker has received $5.7 billion in outstanding CHIPS Act grants under Trump deal

Reuters

2025/08/29

Aug 28 (Reuters) - Intel INTC.O received the $5.7 billion in outstanding grants from the CHIPS Act that is being converted into the U.S. government's stake in the struggling chipmaker "last night," Chief Financial Officer David Zinsner said at a Deutsche Bank tech conference in California on Thursday.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Alan Barona)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800))

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