Despite delays, chipmaker says it is still committed to the Ohio One project

Two companies said to be considering separate acquisitions of Intel’s chip design business and semiconductor fabs

Despite the downturn, company has received first two installments of CHIPS Act funding

Fund will start operating independently under a new name in the latter part of 2025

Company will receive $7.9bn

Ministers undecided about how the funds should be reallocated

Results a “good step” says CEO, despite largest-ever loss

Company said product unit was not for sale

Troubled chipmaker is attracting interest

Could include proposal to shed Altera chip unit or shelve German chip fab

Sales comes weeks after Intel posted Q2 2024 financial woes

Collaboration between 36 partners from 11 countries

Company saw its stock price sink after results were published

Semiconductor equipment manufacturers could be targeted by new restrictions

US government finalizing legislation to limit funding for Chinese firms

Move comes as Intel appoints new GM to its Foundry Services unit

Updates financial reporting structure to increase transparency

President Biden will visit Intel’s Chandler, Arizona, campus to announce the deal

The state’s construction industry has reportedly been squeezed by an influx of investments

The new node will be developed by Intel Foundry Services at its Arizona site

The company has secured $3.2bn in funding from the Israeli government

Big tech looks to keep the chip designer neutral

Company hopes that this is rock bottom

And company announces collaboration with Arm on SoC design