15 AI News and Ratings Trending on Financial Media

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8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68  

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Latest filings from the chipmaker reveal that under a recent deal with the federal government, the company has been mandated to spend at least $35 billion on research and development in the US from 2024 through 2028. The deal, worth around $8 billion in government subsidies, also tasks the chipmaker with building, equipping, and operating 12 fabs and advanced packaging facilities located in Arizona, New Mexico, Ohio, and Oregon.

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