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 ...

US President Joe Biden arrives for a ceremony at the groundbreaking of the Intel semiconductor ... [+] manufacturing facility near New Albany, Ohio in 2022. He will be in Arizona late today.© 2022 Bloomberg Finance LPThe U.S. Department of Commerce announced $8.5 billion in grants and $11 billion loans for Intel INTC Corporation this morning. While it is probably not a surprise that the only American headquartered chip manufacturer would receive help in funding its new facilities, there are several aspects ...

U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022.The White House said Intel has been awarded up to $8.5 billion in CHIPS Act funding, as the Biden administration ramps up its effort to bring semiconductor manufacturing to U.S. soil.Intel could receive an additional $11 billion in loans from the CHIPS and Science Act, which was passed in 2022. The awards will be annou ...

Dividend payments continue to be hugely important to investors, both as a source of income and as a means of growing their portfolios. And dividend payments are growing. In 2023, dividend payments around the world hit a record $1.7 trillion, according to a report from British asset manager Janus Henderson Group (NYSE:JHG). Data shows that dividend payouts rose 5% year-over-year in 2023, with the fourth quarter seeing a 7.2% increase from the previous third quarter. While dividends have been moving upward ov ...

Nvidia's (NVDA 0.42%) Global Technology Conference 2024 (GTC 2024) kicked off on Monday, full of "sizzle and substance" (said Bank of America), but also offering "no big surprises" (according to Morgan Stanley). Investors who had been hoping for more are selling off Nvidia stock modestly today -- down 2.2% through 11 a.m. ET -- on Tuesday morning. And they're not the only ones selling. Taiwan Semiconductor Manufacturing (TSM -0.55%) stock is also down 2.2% today, and Intel's (INTC -1.37%) off 2.6%. Micron ( ...

Intel (INTC) closed the most recent trading day at $42.71, moving +0.16% from the previous trading session. This move lagged the S&P 500's daily gain of 0.63%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.82%.Coming into today, shares of the world's largest chipmaker had lost 2% in the past month. In that same time, the Computer and Technology sector gained 1.16%, while the S&P 500 gained 1.76%.Analysts and investors alike will be keeping a close eye on the performance of Intel in its ...

JERUSALEM--(BUSINESS WIRE)--Mobileye has chosen to wind down its aftermarket solutions unit that provides retrofitted advanced driver assistance technology, after a thorough review of this unit’s business prospects and investment needs. As automakers and other vehicle manufacturers have steadily increased the rate at which integrated ADAS solutions are installed on new vehicles, the demand and future addressable market for retrofitted ADAS solutions has declined. As a result, this division has seen its rev ...

Wednesday’s trading session provided some serious doubt for investors in Intel (NYSE:INTC) stock after the Pentagon withdrew its $2.5 billion chip grant for the company. The decline brought INTC stock down 3%, and has some investors questioning whether this is a chip stock to buy right now.This decision could reduce federal funding for Intel and prompt the company to seek additional support from the Commerce Department. Intel is also pursuing incentives exceeding $10 billion from the CHIPS and Science Act. ...

In February, Amazon became the third big-tech stock in nine years to join the Dow Jones Industrial Average (Salesforce was added in 2020 and Apple joined in 2015). With the pace of change accelerating, investors may wonder when other "Magnificent Seven" stocks will join the historic index.Nvidia (NVDA -0.12%) is now the most valuable company not in the Dow. Even better, Intel (INTC -0.26%) is a Dow component and would be the most obvious choice for Nvidia to replace.Here's what is preventing Nvidia from joi ...

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