Intel shares rise 3% this Monday on Wall Street due to information that the company is close to obtaining a US Government subsidy worth $8 billionaccording to 'CNBC', citing sources close to the technology company. These funds would arrive under the Chips and Science Law, the rule approved by Joe Biden's Government to try to boost domestic semiconductor manufacturing and reduce dependence on Asia. The same sources assure that the president intends to accelerate pending agreements before Donald Trump takes office. The amount will be allocated to support the construction of Intel factoriesand the Commerce Department is expected to confirm the award in the coming weeks. In September, the company already secured a contract worth 3.5 billion dollars with the US Army for chip manufacturing, which were added to the 8.5 billion it received in March in subsidies and another 11 billion in loans under the Chip Law. Now, with this new influx of money, the company can boost the facilities it has in Arizona, Ohio, New Mexico and Oregon. However, the 'New York Times' assures that the amount of 8,000 million that the Government initially planned to allocate to Intel could be reduced by nearly 500 million due to doubts about the company's ability to execute its investment commitment. «We are frustrated because we have not moved faster. They have been too bureaucratic in that process. We can't wait to see them finished.«, said last month the CEO of Intel, Pat Gelsingerabout the possible arrival of new subsidies.