Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity (New York Times)

New York Times:
Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity  —  The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.

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