Posted by breakout on 20th of Feb 2024 at 10:40 am
NVDA earnings after close tomorrow.
Intel is higher this morning and it has to do with chatter
about the "chip fund" that was announced a long time ago. The US is
aiming to announce major chip grants by the end of March, people
familiar with the plans said, paving the way to send billions of
dollars to semiconductor makers in a bid to supercharge domestic
production.
The awards slated to go to Intel Corp. and other chipmakers are a central piece of the
2022 Chips and Science Act, which set aside $39 billion in direct
grants to revitalize US manufacturing.The money has been slow
to trickle out so far, but some are thinking Biden's going to
release the bulk of it soon.
INTC admitted that they were way behind in building
FAB plants for several reasons. A good friend who helps build FABS
says it takes 2 to 3 years to build one so INTC is going to
struggle even if BIDEN sends funds.
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NVDA earnings after close tomorrow. Intel
Posted by breakout on 20th of Feb 2024 at 10:40 am
NVDA earnings after close tomorrow.
Intel is higher this morning and it has to do with chatter about the "chip fund" that was announced a long time ago. The US is aiming to announce major chip grants by the end of March, people familiar with the plans said, paving the way to send billions of dollars to semiconductor makers in a bid to supercharge domestic production. The awards slated to go to Intel Corp. and other chipmakers are a central piece of the 2022 Chips and Science Act, which set aside $39 billion in direct grants to revitalize US manufacturing.The money has been slow to trickle out so far, but some are thinking Biden's going to release the bulk of it soon.
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Bloomberg - Are you a robot?
INTC admitted that they were
Posted by rbreese on 20th of Feb 2024 at 10:50 am
INTC admitted that they were way behind in building FAB plants for several reasons. A good friend who helps build FABS says it takes 2 to 3 years to build one so INTC is going to struggle even if BIDEN sends funds.