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Biden bars companies from using US Chips Act cash for buybacks | Ian King and Eric Martin / Bloomberg

The Biden administration warned companies lining up for funding from the US Chips and Science Act that the money will come with major strings attached, including restrictions on investing in other countries and a limit on much-prized stock buybacks. The Commerce Department released the rules Tuesday ahead of doling out…

Arizona Intel workers facing salary cutbacks

The company's 12,000 Arizona employees at Chandler campus will take a hit, but it's avoiding mass layoffs seen at other tech firms.

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