Pentagon Scraps $2.5 Billion Grant To Intel
According to Bloomberg (paywalled), the Pentagon has reportedly scrapped its plan to allocate $2.5 billion in grants to Intel, causing the firm’s stock to slip in extended-hours trading. From a report: The decision now leaves the U.S. Commerce Department, which is responsible for doling out the funds from the U.S. CHIPs and Science Act, to make up the shortfall, the news outlet said. Th … ⌘ Read more