Intel rises 2% on report of $8 billion Chips Act grant
Intel Corporation (NASDAQ:INTC) shares rose 2% in premarket trading Monday following a CNBC report that the chipmaker was nearing a deal with the U.S. Commerce Department for a nearly $8 billion grant under the Chips Act,
Intel’s CHIPS Act funding set to be slashed by the Biden administration, reports say
The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp. under the CHIPS Act, adding to the struggling U.S. chipmaker’s woes.
US Plans to Reduce Intel's $8.5 Billion Federal Chips Grant Below $8 Billion - New York Times
The U.S. government plans to reduce Intel Corp's preliminary $8.5 billion federal chips grant to less than $8 billion, the New York Times reported on Sunday citing unnamed sources. The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon,
Intel expects reduced U.S. grant after winning defense contract
Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter. The $8.5 billion in direct grants were part of a larger package of loan guarantees,
US cuts Intel’s federal chips grant to below $8bn amid new deal
The reduction in funds is said to be linked to Intel’s delay in completing an Ohio chip manufacturing facility.
Biden administration will trim Intel’s $8.5 billion CHIPS Act grant, NYT reports
The Commerce Department has reduced Intel’s CHIPS Act award by at least $500 million, to less than $8 billion, according to a report Sunday in The New York Times. The newspaper, citing four anonymous sources,
Biden administration slashes Intel’s AI chips grant to under $8B
The Biden administration has decided to cut Intel’s much-anticipated CHIPS Act grant from $8.5 billion to less than $8 billion. The reduction follows a series of delays in Intel’s investments amid other struggles within the company.
US Government to Trim Intel Chips Funds: Will it Hurt INTC Stock?
According to media reports, the U.S. government is considering reducing Intel Corporation INTC's federal chips grant under the CHIPS and Science Act from $8.5 billion to less than $8 billion. On the condition of anonymity,
Intel's 20-year-old AI ethics prodigy on the future of artificial intelligence
Today, as one of Intel's AI architects and "evangelists" — yes, that's the real word — the 20-year-old is on the forefront of ...
Qualcomm’s Takeover Interest in Intel Is Said to Cool
Qualcomm Inc.’s interest in pursuing an acquisition of Intel Corp. has cooled, according to people familiar with the matter, ...
Intel Corporation (INTC) Highlights AI PC Benefits with Study Showing 4 Hours Weekly Productivity Boost
We recently compiled a list of the 10 AI News and Ratings Investors Should Not Miss. In this article, we are going to take a ...
What's Going On With Intel Shares Monday?
Intel stock is trading higher on Monday following a report indicating that the company is close to securing a $8 billion ...
Commerce Department to reduce Intel's funding on semiconductors
The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around ...
Qualcomm's interest in acquiring Intel has cooled, Bloomberg News reports
The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, Bloomberg reported, ...
Intel to sell Folsom campus and lease back only space it needs, company says
Intel’s CEO said it would deliver $10 billion in cost savings by 2025. Plans to sell the Folsom site come after 272 employees ...
Intel Corporation (INTC) to Sell Folsom Campus as Part of Cost-Cutting Amid Struggles to Regain Chip Leadership
We recently compiled a list of the 14 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where ...