Reported 1 day ago
Intel's CEO Lip-Bu Tan emphasized a significant partnership with the U.S. government during the Q3 earnings call, marking a shift from mere subsidies to a strategic alliance in chipmaking. The collaboration, highlighted by a 9.9% government stake worth $8.9 billion, aims to bolster national security and technology leadership while Intel posted strong financial results, exceeding projections with increased liquidity and reduced losses.
Source: YAHOO