Intel amends CHIPS Act deal with US Commerce Department, gets $5.7 billion early (Reuters) -Intel said on Friday it amended the CHIPS Act funding deal with the U.S. Department of Commerce to remove earlier project milestones and received about $5.7 billion in cash sooner than planned. The move will give Intel more flexibility over the funds. The amended agreement, which revises a November 2024 funding deal, retains some guardrails that prevent the chipmaker from using the funds for dividends and buybacks, doing certain control-changing deals and from expanding in certain countries. As part of the deal, Intel issued the U.S. government 274.6 million shares and promised the government the option to buy up to 240.5 million more shares under certain conditions. Intel said it has set aside 158.7 million shares in an escrow account to be released after the government makes available more CHIPS funds for the Secure Enclave program, designed to expand advanced chips manufacturing. The company also said it has spent at least $7.87 billion on eligible CHIPS Act-funded projects. The U.S. government’s move to take a 9.9% equity stake in Intel sparked questions about the outlook for corporate America after President Donald Trump said he plans to do other similar deals. The Intel stake, announced by the U.S. government last week, is an incentive for the chipmaker to retain control of its contract manufacturing business, or foundry, Intel’s finance chief David Zinsner said at an investor conference on Thursday. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. ProPicks AI evaluates INTC alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if INTC is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?

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US Commerce Department voids Biden’s $7.4 billion semiconductor research grant deal WASHINGTON (Reuters) -The U.S. Commerce Department said on Monday it was voiding an agreement finalized under President Joe Biden with an outside center to oversee $7.4 billion in semiconductor research funds. The department said the Biden administration illegally created Natcast and as a result the agreement granting the organization up to $7.4 billion in taxpayer money is invalid. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Which stocks should you consider in your very next trade? Successful investors know to check multiple angles before making their move. InvestingPro's three powerful features work together to give you that edge: ProPicks AI runs 80+ stock-picking strategies, including Tech Titans, which doubled the S&P 500's performance in just 18 months! Fair Value combines 17 proven valuation models to help you spot overpriced stocks and undervalued gems. And WarrenAI delivers instant insights on any stock. Ask questions, get vetted answers backed by real-time data (unlike ChatGPT). Our subscribers use all three to identify stocks before double-digit gains and avoid costly mistakes. But with 50% during our Summer Sale, even if you only use one of these features the value pays for itself. Sale ends soon—don't wait until prices go back up.

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U.S. Commerce Department yet to approve Nvidia's export licenses for the H20, sources say. Nvidia placed orders for 300,000 H20 chipsets with TSMC last week due to strong Chinese demand, sources say. * Nvidia's new H20 orders represent a shift from its earlier plan to draw from existing stockpiles, a source says. * The U.S. Commerce Department has yet to approve Nvidia's export licenses for the H20, sources say. Nvidia needs to obtain export licenses from the U.S. government to ship the H20 chips. It said in mid-July it had been assured by authorities that it would get them soon. The U.S. Department of Commerce has yet to approve those licenses, one of the sources and a third source said. This article was written by Eamonn Sheridan at investinglive.com.

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US Commerce department bureaus ban China's DeepSeek on government devices, sources say U.S. Commerce department bureaus informed staffers in recent weeks that Chinese artificial intelligence model DeepSeek is banned on their government devices, according to a message seen by Reuters and two people familiar with the matter.

The U.S. Commerce Department has prohibited the use of China's AI model, DeepSeek, on government devices, citing data privacy and security concerns. #DeepSeek #USCommerceDepartment #DataPrivacy #CyberSecurity www.reuters.com/technology/a...

Sources indicate that Micron may receive $6B+ in chip grants from the US Commerce Department to support domestic factory projects. Stay tuned for potential confirmation of this substantial award, expected to be announced in the coming week. #Micron #ChipGrants #USCommerceDepartment #TechNews

Insider scoop: In 2023, pivotal talks between Abu Dhabi's G42 and the US Commerce Department resulted in G42's strategic decision to scale down its presence in China. Unveil the implications of this diplomatic maneuver. #G42 #USCommerceDepartment #ChinaPresence #Diplomacy