In an interview with CRN, Sandra Rivera (pictured) said Intel is sticking with its original plan of selling a smaller stake in the company, before spinning it off via an initial public offering in 2026 at the latest.

Sandra Rivera emphasized that Intel has always planned to sell a stake in Altera rather than fully divesting from it, to take the company public by 2026.

Intel is set to receive $8 billion in funding from the US Chips Act and an additional $11 billion in loans. But that funding may be in jeopardy due to the chipmaker's struggles.

Intel's CHIPS Act funds are reportedly being delayed as Washington requests a more concrete manufacturing roadmap from the company.

The US government is likely to delay handing over the $8.5 billion of CHIPS Act funding to Intel, due to the company’s ongoing financial woes. According to a report from Bloomberg, the Department of Commerce has reportedly declined the request for funds,