INTC Stock Alert: Intel Just Got a Major $8.5 Billion Boost

Intel (NASDAQ:INTC) stock is in the news Wednesday after the company secured $8.5 billion in funding from the U.S. government.The Department of Commerce has a preliminary agreement with Intel to provide it with these funds for the development of new facilities. That includes locations in Arizona, Ohio, New Mexico and Oregon.Commerce Secretary Gina Raimondo said the following about this agreement to NPR.“We rely on a very small number of factories in Asia for all of our most sophisticated chips. That’s unten ...