15 AI News You Should Not Ignore

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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 reports, published by news platform CNBC, claim that the company is close to finalizing a deal with the US government to provide the former with $8 billion in funding under the CHIPS Act. The reports come as The New York Times claims that the government has reduced this grant from $8.5 billion to under $8 billion. The chance possibly reflects failure to meet certain milestones set by government officials to get the funds, including building a plant in the US and signing up customers for the locally produced chips.

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