Intel Corporation (INTC)
Intel's US govt subsidies linked to holding major stake in chipmaking arm
Intel Corp (NASDAQ:INTC, ETR:INL) revealed that its near-$8 billion in US government subsidies come with restrictions on its ability to sell down its share of its chipmaking division following a spin-out. According to a securities filing, Intel must retain at least 50.1% ownership of Intel Foundry Services if it is spun off as a private company.
Is Intel Stock a Buy Now?
It's been a tough year for Intel (INTC -1.66%). Its stock price has been essentially cut in half since Jan. 1 and it was booted out of the Dow Jones Industrial Average index in November.
Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit
Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity.
Intel Is Steering The Ship To Profitability (Rating Upgrade)
Intel Corporation faced a challenging quarter with a -6% top-line decline and significant impairments, but management is positioning for growth and profitability by eFY25. The restructuring plan includes a 15% workforce reduction, $1b non-product cost savings, and capital outlay reduction to $20-23b, aiming for positive free cash flow. New INTC product launches, including the Arrow Lake and Panther Lake, are expected to be margin accretive as they will not include embedded storage on the chip.
Intel Secures $7.86 Billion Grant, But Technical Signals Flash Warnings
Intel Corp INTC just secured a $7.86 billion grant under the CHIPS Act, marking a significant step in the Biden administration's push to bolster domestic chip manufacturing.
Why Intel Stock Sank Today
Intel (INTC -3.30%) stock lost ground in Tuesday's trading. The company's share price closed out the daily session down 3.3%.
Qualcomm's Interest in an Intel Takeover Is Said to Cool
Qualcomm's interest in pursuing an acquisition of Intel has reportedly cooled as the complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm. Tom Mackenzie reports on Bloomberg Television.
Massive News for Intel Stock Investors
In this video, I will talk about recent updates regarding Intel (INTC -2.98%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
Intel To Receive Smaller CHIPS Act Award. Stock Slides.
Intel fell on news that the semiconductor giant will receive a smaller CHIPS Act award from the federal government. The post Intel To Receive Smaller CHIPS Act Award.
Intel Corporation (INTC) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Intel (INTC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
CHIPS Act is already having a major impact on investment and chip manufacturing, says Chris Miller
Chris Miller, Tufts Fletcher Schooler professor and ‘Chip War' author, joins 'Squawk Box' to discuss the grants from the CHIPS Act, state of U.S. chip manufacturing, and more.
Intel Agrees to Terms, Will Receive Up to $7.9 Billion in CHIPS Funding
Intel (INTC) and the Biden administration have finalized terms to an agreement that will see the chipmaker receive up to $7.86 billion in CHIPS Act funding, down from the originally announced $8.5 billion preliminary agreement in March.
