Intel’s CHIPS Act funding cut by over $600 million

The White House is reducing Intel’s CHIPS Act award by over $600 million. Initially set to receive $8.5 billion from the domestic silicon production bill, the company will get up to $7.85 billion instead. On Tuesday, The New York Times reported that Intel has extended some plant openings beyond 2030 government deadlines. However, the Commerce … Read more

Devolver Digital’s Delayed Awards returns Wednesday

Are you eagerly anticipating the next crop of games from Devolver Digital? Well, you’re going to have to wait a little longer. The indie game studio will unveil the nominees and winners of its annual Devolver Delayed Awards at 1 PM Eastern Wednesday on its official YouTube page. Devolver’s tongue-in-cheek awards show aims to honor … Read more

Amazon Japan hit with a raid over antitrust concerns

Japan’s Fair Trade Commission has conducted a raid on Amazon over antitrust concerns. “There is a suspicion that Amazon Japan is forcing sellers to cut prices in an irrational way,” an unnamed source told Reuters. Amazon Japan received an on-site inspection by the regulator today to explore whether the retailer gives better product placement in … Read more

Rivian will likely receive $6.6 billion loan from the government to open its plant in Georgia

American EV maker Rivian just announced that it has received a commitment from the US Department of Energy (DOE) for a loan totaling $6.6 billion. This is thanks to the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program. This includes a principal loan of $6 billion and approximately $600 million of capitalized interest. The company … Read more

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