NEW ALBANY, Ohio (WCMH) — Intel is trying to form a comeback after losing over a billion dollars in a quarter and tanking its stock, and now concerns over when it will get promised federal funding have joined the mix.

The CHIPS and Science Act made its way through both sides of U.S. Congress as an incentives package, which finally passed in 2022 and received President Joe Biden’s signature. In March, Biden announced the U.S. Department of Commerce had reached a preliminary agreement to award Intel up to $8.5 billion in funds and eligibility for $11 billion in loans. But the package came bundled with specific goalposts that the tech giant must meet, as part of bringing new computer chip factories online in places like New Albany.

Intel executives have previously used the Ohio semiconductor fabrication plant’s construction as a bargaining chip for federal funding. When the CHIPS Act stalled in Congress, Intel responded by delaying the groundbreaking at Ohio One. Fast forward to 2024, and Intel is perceiving hesitancy from government officials on releasing the CHIPS funding to them, sources told Bloomberg on Sept. 4. Simultaneously, the sources said Intel has opposed sharing some of the information required as part of metrics the U.S. government will watch to ensure it’s keeping its word.

The CHIPS Act has clawback mechanisms, and some of its requirements are less about getting a chip factory up and running. In March 2023, the Department of Commerce added a request that any funding recipient who wanted more than $150 million to submit plans for affordable child care for employees. As of Bloomberg’s report, Intel had not received any of its promised CHIPS funding yet.

The money would come at a much-needed time when Intel is hurting. The company previously announced it would lay off 15% of its global workforce, as well as suspend its stock dividends program, after reporting quarterly losses of $1.6 billion in a July earnings presentation. Investors’ reaction came in the form of a swift nosedive, with Intel stock falling from a high of $50 per share in January to just under $19 in August, and also in the form of a lawsuit targeting the parent division of the Ohio plant.

Intel has yet to hint that its Ohio plant is halting construction anytime soon. Despite a delayed project timeline, its super loads are bringing plenty of supplies and there’s daily activity at the site from construction crews. But something has to give, as Reuters reported. CEO Pat Gelsinger plans to pitch cost-cutting moves to Intel’s board in a mid-September meeting, which could include the sell-off of a division known as Altera. Those ideas reportedly didn’t include Ohio One as of Sept. 4, but its German and Israeli counterparts aren’t as lucky.

Volksstimme reported Intel pushed back the start of construction on a $32 billion Germany plant to May 2025, the second delay since it was supposed to start in early 2023. That news came as German officials rejected Intel’s request for more money, and existing government funding to the tune of 6.8 billion euros hasn’t phased Gelsinger from reportedly considering the plant for cancellation altogether. Calcalist also reported in June that Intel had halted its plans for a $25 billion semiconductor fabrication plant in Israel, and the company sent notices to suppliers in the area that their contracts were canceled. The country had promised $3.2 billion in incentives for the development.

Biden, who attended the groundbreaking in Ohio, has beaten the drum over the past two years that the U.S. needs domestic computer chip manufacturing in an industry heavily dominated by Asian countries. In order for Intel to secure the CHIPS funding, it has to follow the president’s vision.

“America invented the semiconductor, as you know, but today, 90% of them are made overseas,” Biden said. “The story of a field of dreams in the middle of Ohio where America’s future will be built. … That’s what’s happening on these 1,000 acres.”