Intel getting help from Commerce Secretary Raimondo as part of effort to spur U.S. production
Publishing timestamp: 2024-09-12 21:07:57
Summary
Commerce Secretary Gina Raimondo is meeting with investors to promote Intel and U.S. chip production. Intel is struggling and seeking help to reduce reliance on TSMC. Intel is building plants in the U.S. and has received funding from the CHIPS Act. Intel's board is considering restructuring plans. Concerns about geopolitical risks related to Taiwan are rising in the chip industry.
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Tickers: AAPL, AMD, TSM, NVDA, GS, INTC,
Keywords: politics, goldman sachs group inc, social media, business, breaking news: technology, apple inc, technology, business news, breaking news: politics, taiwan semiconductor manufacturing co ltd, intel corp, advanced micro devices inc, nvidia corp,