Intel awarded up to $3 billion from US for national security related chip production
Shares of Intel were 4% after the announcement. The administration's focus on the Secure Enclave reflects a broader strategy to enhance national security through targeted investments in critical semiconductor manufacturing and technology development.
Intel awarded up to $3 bln from US for national security related chip production
The Biden Administration on Monday awarded Intel Corp up to $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics, which are a critical component to a wide range of weapon systems and other national security products.
Intel seeks US Govt help in contract chip manufacturing
The US government could soon push harder for local chip production. The Biden administration and Intel Inc. are deeply concerned about America sourcing the majority of its chips from Taiwan, specifically,
Intel is said to qualify for $3.5B in military chip grants
Intel (NASDAQ:INTC) officially qualified for as much as $3.5 billion in federal grants to make semiconductors for the Pentagon, Bloomberg News reported, citing people familiar with the matter. After reaching a binding agreement with U.
Intel qualifies for $3.5 billion in grants to make chips for US military, Bloomberg News reports
Intel Corp has officially qualified for as much as $3.5 billion in federal grants to make semiconductors for the U.S Department of Defense, Bloomberg News reported on Friday, citing people familiar with the matter,
Intel granted $3.5B to produce chips for Pentagon
ALBAWABA - The federal government has approved the allocation of up to $3.5 billion in funding to chip maker Intel Corp, for the production of sophistic
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Report: Intel in Rio Rancho could benefit from new chips deal with federal government
Intel Corp. will produce chips for the U.S. Department of Defense, the company announced on Monday, which will greatly boost ...
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Intel Says It Won’t Sell Majority Stake in Mobileye
Mobileye Global shares surged the most in nearly two years after Intel said it isn’t “currently” preparing to unload its ...
Mobileye shares jump as Intel confirms no plans to divest majority stake
Shares in automotive chip maker Mobileye Global Inc. jumped nearly 15% today after its majority shareholder, Intel Corp., ...
Mobileye Jumps After Intel Says It Won’t Sell Majority Stake
Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to ...
Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom ...
Intel to spin off chip fab business unit as AWS signs up for custom AI chips
According to Gelsinger, spinning off Intel Foundry as a fully independent subsidiary will enable it to evaluate independent ...
Intel Gains After Landing Amazon Deal, Preparing Factory Split
Intel Corp. shares surged for the second straight day after the troubled chipmaker made a raft of announcements, spurring ...
Intel’s stock could register biggest two-day gain in 22 years on upbeat foundry moves
Semiconductor stocks are weak on Monday, but Intel Corp. shares are a rare bright spot.
What's Going On With Intel Stock On Tuesday?
Intel Corp (NASDAQ:INTC) stock maintained upward momentum on Tuesday, a day after CEO Pat Gelsinger clarified its ...