International Companies
Intel secures nearly $20bn in federal funding to build new chip plants
By Benjamin Chiou
Date: Wednesday 20 Mar 2024
(Sharecast News) - Chip giant Intel saw shares rise strongly in pre-market trade on Wednesday after it announced the receipt of nearly $20bn from the government as part of its plans to invest more than $100bn over the next five years, creating 10,000 new jobs across four sites in the US.
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