HomeAbout

TL;DR CNBC


Intel and Commerce Department finalize $7.9 billion CHIPS Act grant - TL;DR CNBC

Intel and Commerce Department finalize $7.9 billion CHIPS Act grant

Publishing timestamp: 2024-11-25 14:08:37


Summary

Intel and Commerce Department finalized a $7.86 billion grant to support Intel's chip manufacturing expansion. The grant is lower than initially announced due to a previous contract with the Department of Defense. Intel has been struggling and facing possible takeover bids, but the grant is seen as a positive step for the company.


Sentiment: MIXED

Tickers: TSMINTC

Keywords: breaking news: technologyintel corpqualcomm incpat gelsingerpoliticsbreaking news: politicsmergers and acquisitionsbusiness newstechnologytaiwan semiconductor manufacturing co ltddonald trumpbreaking news

Source: https://www.cnbc.com/2024/11/25/intel-close-to-8-billion-chips-act-grant-source.html


Developed by Leo Phan