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Stockreport

Intel Stock Rises After a Report of a $3.5B Pentagon Chip Deal [Yahoo! Finance]

Intel Corporation (INTC)  More Company Research Source: Yahoo! Finance
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Bloomberg reported that Intel's work will be part of the government's Secure Enclave program, which aims to produce advanced chips with military and intelligence applications. The contract comes on top of the potential $8.5 billion in grants and $11 billion in loans that Intel was awarded earlier this year from the CHIPS and Science Act of 2022. Shares of Intel ( INTC ) advanced Monday, aided by a report that the semiconductor maker received a multibillion-dollar award from the Pentagon to make chips for the U.S. military. Bloomberg reported late Friday that Intel qualified for $3.5 billion in federal grants as part of the Secure Enclave program, which is designed to produce advanced chips for military and intelligence applications. According to people familiar with the matter, the announcement of the funding could come as early as this week. Award Adds to Earlier US Grants, Loans Bloomberg said the new contract comes on top of a potential $8.5 billion in grants and $11 bil [Read more]
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Stockreport

Intel Stock Rises After a Report of a $3.5B Pentagon Chip Deal [Yahoo! Finance]

Intel Corporation  (INTC) 
More Company Research Source: Yahoo! Finance
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Bloomberg reported that Intel's work will be part of the government's Secure Enclave program, which aims to produce advanced chips with military and intelligence applications. The contract comes on top of the potential $8.5 billion in grants and $11 billion in loans that Intel was awarded earlier this year from the CHIPS and Science Act of 2022. Shares of Intel ( INTC ) advanced Monday, aided by a report that the semiconductor maker received a multibillion-dollar award from the Pentagon to make chips for the U.S. military. Bloomberg reported late Friday that Intel qualified for $3.5 billion in federal grants as part of the Secure Enclave program, which is designed to produce advanced chips for military and intelligence applications. According to people familiar with the matter, the announcement of the funding could come as early as this week. Award Adds to Earlier US Grants, Loans Bloomberg said the new contract comes on top of a potential $8.5 billion in grants and $11 bil [Read more]
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