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Intel Confirms $3 Billion Defense Department Chips Act Grant [Yahoo! Finance Canada]

Intel Corporation (INTC)  More Company Research Source: Yahoo! Finance Canada
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Most Read from Bloomberg The effort, called the Secure Enclave, aims to establish a steady supply of cutting-edge chips for defense and intelligence purposes. Lawmakers set aside $3.5 billion for the program as part of the 2022 Chips and Science Act, which aims to boost the American semiconductor industry and reduce reliance on Asia. The award is separate from a possible $8.5 billion Chips Act grant that Intel is set to receive to support commercial factories across four US states. Intel shares rose as much as 6.5% to $20.94 Monday on the news. The stock was down 61% this year through Friday's close. Earlier: Intel Shores Up $3.5 Billion Deal to Make Chips for Military “Today's announcement highlights our joint commitment with the US government to fortify the domestic semiconductor supply chain,” Chris George, president and general manager of Intel Federal, a subsidiary of Intel focused on government work, said in a statement. The Departments of Defense and Commerce said in a [Read more]
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Stockreport

Intel Confirms $3 Billion Defense Department Chips Act Grant [Yahoo! Finance Canada]

Intel Corporation  (INTC) 
More Company Research Source: Yahoo! Finance Canada
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Most Read from Bloomberg The effort, called the Secure Enclave, aims to establish a steady supply of cutting-edge chips for defense and intelligence purposes. Lawmakers set aside $3.5 billion for the program as part of the 2022 Chips and Science Act, which aims to boost the American semiconductor industry and reduce reliance on Asia. The award is separate from a possible $8.5 billion Chips Act grant that Intel is set to receive to support commercial factories across four US states. Intel shares rose as much as 6.5% to $20.94 Monday on the news. The stock was down 61% this year through Friday's close. Earlier: Intel Shores Up $3.5 Billion Deal to Make Chips for Military “Today's announcement highlights our joint commitment with the US government to fortify the domestic semiconductor supply chain,” Chris George, president and general manager of Intel Federal, a subsidiary of Intel focused on government work, said in a statement. The Departments of Defense and Commerce said in a [Read more]
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