Just because money has been allocated, does not mean that it isn't "good money after bad." Trump has clawed back such grants before. This award is at his discretion.
I respect your opinion w/o sharing it. I do not think Congress would claw back CHIP act awards in any case and POTUS cannot unilaterally do so nor would he want to since he sees that industry as vital for America’s future..
I don’t see any discretion here. Perhaps I am missing it.
“The government’s equity stake will be funded by the remaining $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program.”