Intel awarded $7.9 billion from the CHIPS Act ahead of Trump's second term
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Intel has been awarded $7.9 billion in federal grants from the Biden administration as part of the CHIPS Act, according to the US Department of Commerce.
November 26, 2024 | 12:45 pm
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Intel has been awarded $7.9 billion in federal grants from the Biden administration as part of the CHIPS Act, which is likely to positively impact its financial position and support its semiconductor manufacturing capabilities.
The $7.9 billion grant from the CHIPS Act is a significant financial boost for Intel, enhancing its ability to invest in semiconductor manufacturing. This is likely to positively impact Intel's stock price in the short term as it strengthens its competitive position in the industry.
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