
Intel and the US government are on track to finalise $8.5bn in direct funding for the chipmaker before the end of the year, even as the company tries to stabilise its ailing business, said people familiar with the discussions.
The two sides are racing to conclude months of complex and technical negotiations while Intel executes drastic cost-cutting measures. Its recent troubles have attracted attention: rival chip company Qualcomm has explored buying a stake in Intel, and there is the prospect that others could make an approach.
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