15 AI News Updates Wall Street Is Monitoring

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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. On November 26, the company announced that it had finalized a deal with the US government on terms to award the company up to $7.86 billion in direct funding for its commercial semiconductor manufacturing projects under the US CHIPS and Science Act. The award will support Intel’s previously announced plans to advance semiconductor manufacturing and advanced packaging projects at its sites in Arizona, New Mexico, Ohio and Oregon. Intel also plans to claim the US Treasury Department’s Investment Tax Credit, which is expected to be up to 25% of qualified investments of more than $100 billion.

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