Intel and the U.S. government are on track to finalise $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions.

Intel (NASDAQ:INTC) is set to finalize an agreement with the U.S. government for $8.5B in direct funding by the end of this year, the Financial Times reported, citing people familiar with the matter.

Intel and the U.S. government are close to finalizing $8.5 billion in direct funding for the chipmaker, expected by year-end. This funding is part of a larger $20 billion package to boost domestic semiconductor production,

Arm Holdings approached Intel about potentially acquiring the company's product division but was told that the business is not for sale, Bloomberg News reported on Thursday.

Arm Holdings Plc approached Intel Corp. about potentially buying the ailing chipmaker’s product division, only to be told that the business isn’t for sale, according to a person with direct knowledge of the matter.

In the high-level inquiry, Arm didn’t express interest in Intel’s manufacturing operations, said the person, who asked not to be identified because the discussions were private. Intel has two main units: a product group that sells chips for personal computers, servers and networking equipment, and another that operates its factories.

The company has completed a 'root cause diagnosis,' which isolated the bug to a vulnerable clock tree circuit in Intel's architecture.

Intel has determined four scenarios that could cause voltage instability in its Core 13th and 14th gen processors. It has released another microcode patch to fix it.

The Raptor Lake overvolting saga has been a wild and painful one for owners of 13th gen and 14th gen Intel CPUs. Now, Intel has put out a microcode update that promises to finally fix it, although we remain to see if it will.