Intel (INTC) rises as Biden administration awards it $20 billion in grants and loans
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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) awarded up to $8.5B from U.S. in direct funding under CHIPS and Science Act
March 20, 2024 5:20 AM EDTThe Biden-Harris Administration announced today that Intel and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms (PMT) for up to $8.5 billion in direct funding to Intel for commercial semiconductor projects under the CHIPS and Science Act.
CHIPS Act funding aims to increase U.S. semiconductor manufacturing and research and development capabilities, especially in leading-edge semiconductors. Intel is the only American company that both designs and manufactures leading-edge logic chips. The proposed funding would help advance Intels critical semiconductor manufacturing and research and development projects at its sites in Arizona, New Mexico,... More
