Reported about 9 hours ago
Intel's stock surged 4.1% on Monday following reports that the U.S. Commerce Department is nearing a decision to grant the company an $8 billion subsidy to expand its semiconductor operations. Despite previous expectations for an $8.5 billion grant, modifications were made due to concerns about Intel's commitment to its investment and changing technology demands. While analysts predict a return to profitability for Intel next year, significant challenges remain, including substantial cash burn and mounting debt.
Source: YAHOO