Intel rejects proposed Arm acquisition, is reportedly on track to receive CHIPS funding
Intel has been attempting to reverse its poor financial outlook after it posted a $1.6 billion loss in Q2 2024. Immediately after the results were released, Intel announced it would be making 15,000 layoffs across the company as part of a plan to save $10 billion.
Intel and the US set to seal $8.5B CHIPS Act funding
In March 2024, the Biden Administration and Intel signed a preliminary memorandum of terms (PMT) for the $8.5 billion funding. This support package is part of Intel’s larger commitment to invest more than $100 billion in expanding its US manufacturing footprint, including building new chip plants in Arizona, Ohio, Oregon, and New Mexico.
President Biden signed the CHIPS Act into law in August 2022 and called it a "once-in-a-generation" piece of ...
The Biden-Harris administration has announced the first binding award from the U.S. Chips and Science Act since allocating ...
Polar Semiconductor is jointly owned by Allegro and Sunken Electric, and is a supplier of 200 millimeter wafers. The company ...
The House of Representatives passed the Building Chips in America Act Monday, designed to bring microchip manufacturing back ...
Compound Semiconductor™ is an Angel Business Communications publication.
M award accelerates lab-to-fab development of critical chip technology BOSTON, Sept. 30, 2024 /PRNewswire/ -- Today, Sivers Semico ...
The Building Chips in America Act has just passed the House with 257 in favor and 125 opposed and is now slated to go to the ...
The stock now trades at a forward P/E of 10 based on the analyst consensus for 2025. With tailwinds from AI demand, the ...
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