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Intel Exempted from Chips Act Milestones Following US Government Equity Investment
1 week ago /
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Author：小编
In a filing on Friday, Intel announced that the terms of its financing agreement with the US government have been modified due to the government's partial ownership stake in the chip company. Pursuant to the revised agreement, Intel is no longer obligated to meet specific project milestones to receive funding. Instead, it must demonstrate that it has invested $7.9 billion in eligible project costs, as stipulated in the agreement signed with the US Department of Commerce in November 2022.
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