15 AI News You Should Not Ignore

Page 8 of 15

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 news 5 Cleveland, suggest that the Intel plant in Ohio, over which the firm broke ground more than two years ago, is set to be the receipt of $1.5 billion in federal funding through the close to $8 billion CHIPS Act grant recently provided to Intel. Per the federal authorities, the new plant will be functional by 2030. Analysts believe the delay in making the Ohio plant operational is one of the reasons why the initial $8.5 billion grant for Intel was reduced to below $8 billion.

Page 8 of 15