Comment on In an all-hands, Intel CEO addresses employee concerns about the US election and CHIPS Act funding

In an all-hands, Intel CEO addresses employee concerns about the US election and CHIPS Act funding

Intel CEO Pat Gelsinger.I-HWA CHENG/ Getty ImagesAn Intel employee raised concerns about the upcoming US election's impact on CHIPS Act funding.Intel invested billions in US factories but hasn't received CHIPS Act grants yet.Nvidia is replacing Intel in the Dow Jones, signaling Intel's declining influence.Intel CEO Pat Gelsinger addressed an employee-submitted question about whether the upcoming US election would affect Intel's CHIPS and Science Act funding at an all-hands meeting on Friday.The US Commerce Department has awarded Intel, the largest recipient of the Act, $8.5 billion in grants and $11 billion in loans.

 

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