Intel shares are trading higher following reports suggesting the company qualified for up to $3.5 billion in funding for US military chips.
Portfolio Pulse from Benzinga Newsdesk
Intel shares are rising due to reports that the company may receive up to $3.5 billion in funding for US military chip production.
September 16, 2024 | 11:51 am
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Intel's stock is trading higher on news that it may qualify for up to $3.5 billion in funding for producing chips for the US military.
The potential $3.5 billion funding for military chip production is a significant development for Intel, likely boosting its revenue and enhancing its strategic position in the defense sector. This news has positively impacted Intel's stock price in the short term.
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