AI News Investors Should Not Miss

Page 17 of 35

19. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Latest reports, published by Financial Times, indicate that the company is set to finalize an agreement for $8.5 billion in direct funding from the US government. This funding is part of the broader initiative by the US government, under the CHIPS and Science Act passed earlier in the Biden term, aimed at bolstering domestic semiconductor manufacturing capabilities.

However, the report claims that potential takeover talks at Intel Corporation (NASDAQ:INTC) and rumors of the chipmaker divesting parts of the business could scuttle talks with the government. The government funds would support chip operations at Intel plants in Arizona, New Mexico, Ohio, and Oregon.

Page 17 of 35