Intel (INTC) awarded up to $8.5B from U.S. in direct funding under CHIPS and Science Act
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BofA Securities 'Incrementally positive on potential 2H recovery' for Intel (INTC)
March 21, 2024 6:17 AM EDTBofA Securities analyst Vivek Arya reiterated a Neutral rating and $50.00 price target on Intel (NASDAQ: INTC).
The analyst comments "We hosted INTC CFO David Zinsner and IR Head John Pitzer for a well-attended investor dinner in Santa Clara on Tuesday. Management highlighted: 1) Enterprise AI... More
CFRA Stays Sidelined on Intel (INTC) Even Though 'we like potential growth prospects'
March 20, 2024 2:17 PM EDTCFRA analyst Angelo Zino reiterated a Hold rating and $45.00 price target on Intel (NASDAQ: INTC).
The analyst comments "
INTC has been awarded $8.5B in grants from the CHIPs Act, in line with our expectation, which will be used to help support... More
Intel (INTC) rises as Biden administration awards it $20 billion in grants and loans
March 20, 2024 5:49 AM EDTThe Biden administration, in a push to enhance semiconductor production in the United States, has provisionally agreed to grant Intel (NASDAQ: INTC) up to $8.5 billion in funding through the CHIPS Act.
Moreover, the chip manufacturer might secure up to $11 billion in loans under the CHIPS and Science Act, enacted in 2022. The deal is set to be officially announced by President Joe Biden in Arizona on Wednesday.
INTC rose more than 4% in premarket trading Wednesday.
The move is aimed at fostering the domestic production of advanced semiconductors, a move... More
