US senator presses Intel CEO on chips award after job cut plan

WASHINGTON: Republican Senator Rick Scott on Wednesday asked Intel CEO Pat Gelsinger for more details on the company’s plans to cut more than 15,000 jobs despite being set to receive nearly $20 billion in U.S. grants and loans to boost chip production.

In a letter seen by Reuters, Scott questioned if the Commerce Department’s planned awards had failed “to include real metrics that would protect taxpayer dollars from going to companies that could not meet high standards for U.S. manufacturing and job creation.”