---
schema_version: "secwatch.filing_event.v1"
accession: "0000050863-24-000169"
form_type: "8-K"
ticker: "INTC"
cik: "0000050863"
company_name: "INTEL CORP"
filed_at: "2024-11-27T23:59:59+00:00"
generated_at: "2026-05-29T17:21:41.157884+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Intel finalizes $7.86B CHIPS Act award for US semiconductor fabs

## Summary
- DOC awards Intel up to $7.86B direct funding plus 25% tax credit on >$100B investments for fabs in AZ, NM, OH, OR.
- Intel must spend $35B on US R&D 2024-2028; restricted on dividends, buybacks, foreign expansion.
- Change-of-control: 35% ownership or loss of Intel Foundry control triggers DOC consent or payoff conditions.
- Excess Return Sharing: Intel may pay up to 75% of awards if Project unlevered free cash flow exceeds thresholds.

## SEC filing metadata
- accession: 0000050863-24-000169
- form_type: 8-K
- ticker: INTC
- cik: 0000050863
- company_name: INTEL CORP
- filed_at: 2024-11-27T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50863/000005086324000169/0000050863-24-000169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50863/000005086324000169/intc-20241125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000050863-24-000169
- JSON: https://secwatch.observer/filing/0000050863-24-000169.json
- Plain text: https://secwatch.observer/filing/0000050863-24-000169.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.