The US will award Intel Corp. $8.5 billion in grants and as much as $11 billion in loans to help fund an expansion of its semiconductor factories, the Commerce Department announced Wednesday, marking the largest award from a program designed to reinvigorate the domestic chip industry.
Intel Wins Almost $20 Billion in Chips Incentives for US PlantsTencent Sales Disappoint After Pervasive Chinese Slowdown BitesSamsung Jumps Most in Six Months After Nvidia CEO BackingUS Dollar Bets at Risk as Central Banks Sync on Rate CutsGoogle Fined €250 Million in French Clash With News PublishersSamsung, Deloitte Units Back Medical AI Startup PocketHealthTaiwan Swaps Price Chance of Higher Interest Rates This YearZombie Chinese EV Makers Resurrected in ‘Productive Force’ PushThe U.S.
GDP report raises the odds of recession this year: Gary ShillingChocolate bunnies can teach us to save our food supplyMarkets are pushing Fed into developing-economy territoryMicrosoft's US$69B Activision deal could be a blunderAsia Stocks to Follow US Rally With Eyes on Fed: Markets WrapBofA Strategists at Odds Over Presence of ‘Euphoria’ in StocksExchange Investigates Flash Crash That Sent Bitcoin to $8,900Treasury ETF Hit by Record Losing Streak, $2 Billion of OutflowsTaiwan Retail...
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Intel clinches nearly $20 billion in awards from Biden to boost US chip outputThe Biden administration said it is awarding Intel nearly $20 billion in grants and loans on Wednesday, supercharging the company's domestic semiconductor...
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