According to media reports, the U.S. government is considering reducing Intel Corporation (INTC) 's federal chips grant under the CHIPS and Science Act from $8.5 billion to less than$8 billion. On the condition of anonymity, various sources associated with the proceedings observed that the decision was largely because Intel had procured a $3 billion contract from the Pentagon to produce chips for the U.S. military.Intel’s delay in some of its planned investments in chip facilities in Ohio might have also i ...