Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity.

In September, Intel CEO Pat Gelsinger announced plans to spin off Intel Foundry, citing potential flexibility to secure independent funding.

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.

Donald Trump has criticized the CHIPS Act and suggested he'd prefer tariffs to incentivize semiconductor manufacturing on US soil.

The U.S. Department of Commerce today confirmed it has awarded $7.865 billion to chip giant Intel under the CHIPS and Science Act.

The Biden Administration announced it released $7.865 billion in funding for Intel as part of its CHIPS Incentives Program.

To build or expand semiconductor factories in several U.S. states.

Intel's $7.86B subsidy mandates it keep majority control of its chip unit, Intel Foundry, and get US approval for ownership changes.

Intel has managed to secure a $7.86 billion Investment through the newly incorporated CHIPS & Science Act. Here's more about it.

Intel has said that its deal for $7.86 billion in US government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity. The US Commerce Department announced the subsidy to Intel on Tuesday,