Intel CFO says chipmaker has received $5.7 billion in outstanding CHIPS Act grants under Trump deal

(Reuters) -Intel received the $5.7 billion in outstanding grants from the CHIPS Act that is being converted into the U.S. government’s stake in the struggling chipmaker “last night,” Chief Financial Officer David Zinsner said at a Deutsche Bank tech conference in California on Thursday.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Alan Barona)