Intel Awarded Up To $3B By The Biden-Harris Administration For Secure Enclave Designed To Expand The Trusted Manufacturing Of Leading-Edge Semiconductors For The U.S. Government
Portfolio Pulse from Benzinga Newsdesk
Intel has been awarded up to $3 billion by the Biden-Harris Administration under the CHIPS and Science Act for the Secure Enclave program. This initiative aims to expand the trusted manufacturing of semiconductors for the U.S. government, enhancing the domestic chip supply chain.
September 16, 2024 | 6:03 pm
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Intel has been awarded up to $3 billion by the Biden-Harris Administration to expand semiconductor manufacturing for the U.S. government. This funding under the CHIPS and Science Act strengthens Intel's role in securing the domestic chip supply chain.
The $3 billion award under the CHIPS and Science Act is a significant boost for Intel, reinforcing its strategic role in U.S. government defense programs and semiconductor manufacturing. This funding is likely to positively impact Intel's stock price in the short term as it enhances its capabilities and market position.
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