Why Intel Stock Is Falling Today [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
ET and had been down as much as 4.6% earlier in the day's session. Intel stock is falling today amid concerns that the company might not get funding that it's slated to receive as part of the CHIPS Act. In particular, recent reports appear to have investors worried that the company may not move ahead with the planned construction of a semiconductor fabrication plant in Ohio. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Recently published reports show that officials in Ohio are concerned about whether federal funding for a planned chip fabrication plant in the state will actually arrive. The plant is projected to cost roughly $20 billion to build and likely won't be possible if funding from the CHIPS Act doesn't come through. Ohio Governor Mike DeWine recently stated that Intel had told him that the federal government hadn't been keeping to its previously stated funding plans. The delayed funding timeline has raised
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