Intel in Talks for Over $10 Billion in Chips Act Incentives (2)

The Biden administration is in talks to confer more than $10 billion in subsidies to Intel Corp., people familiar with the matter said, in what would be the largest award yet under a plan to bring semiconductor manufacturing back to US soil.

Intel’s award package is expected to include both loans and direct grants, according to the people, who asked not to be identified because the deliberations are private. They stressed that negotiations are still underway.

The Commerce Department and Intel declined to comment.

The incentives would come from the 2022 Chips and Science Act, which set aside $39 ...