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This is an archive article published on September 15, 2024

Intel qualifies for $3.5 billion in grants to make chips for US military

Intel Secures $3.5 Billion in Grants for US Defense Chip Production.

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intelIntel is not at the forefront of building big AI systems. That is Nvidia’s stronghold. (Image: Reuters)

Intel Corp has officially qualified for as much as $3.5 billion in federal grants to make semiconductors for the U.S Department of Defense, Bloomberg News reported on Friday, citing people familiar with the matter, after the chipmaker reached a binding agreement with U.S officials.

 

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