Intel rewarded 7.9 bln USD for U.S. chip-plant construction: WSJ

NEW YORK, Nov. 26 (Xinhua) -- The U.S. government is granting Intel up to 7.87 billion U.S. dollars to help fund new chip plants in four states, the largest award in the Joe Biden administration program aimed at reviving American chip-making, reported The Wall Street Journal (WSJ) on Tuesday.

The funds are less than the 8.5 billion dollars estimated for Intel in the preliminary award in March. That is because of previously announced funding of up to 3 billion dollars to build secure facilities producing microchips for U.S. military and intelligence applications, the report cited senior administration officials.