Reported 22 days ago
The U.S. Biden Administration has awarded Intel Corp up to $3 billion through the CHIPS and Science Act to develop a 'Secure Enclave' for microelectronics, crucial for national security applications and defense systems. This funding aims to bolster domestic semiconductor manufacturing and advance technology research, reflecting a strategic commitment to enhance national security through improved supply chain security in microelectronics. Following the announcement, Intel's shares rose by 5.7%.
Source: YAHOO