10 AI News Updates You Should Not Miss

Page 3 of 10

8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68  

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. The company recently finalized a $7.8 billion grant with the US government under the CHIPS Act. The deal will speed up the development and production of chips at Intel plants in Ohio. Reacting to this development, Steve Stivers, CEO of the Ohio Chamber of Commerce, recently told WOSU Public Media that $1.5 billion of the grant is earmarked for Ohio, and the whole supply chain for the new fab was going to develop in central Ohio.

Page 3 of 10