Intel (INTC) Secures Funds to Propel Semiconductor Ecosystem

Intel Corporation (INTC) has secured up to $8.5 billion in direct funding under the CHIPS and Science Act. The partnership between Intel and the U.S. Department of Commerce marks a pivotal moment in advancing U.S. semiconductor manufacturing and research and development.The funding, a crucial component of the CHIPS Act, underscores the government's commitment to enhancing domestic semiconductor production, particularly in cutting-edge technologies. Intel, as the sole U.S. company engaged in both the design ...