Intel Rises 3% as It Expects Reduced U.S. Grant After Winning Defense Contract

Reuters00:17

Nov 25 (Reuters) - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.

The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.

But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon's budget, which led to a reduction in Intel's direct grant award, the person said.

Shares of Intel rose 3.55% in midday trading.

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Comments

nywles
06:08
nywles
Thanks
Madluvyz
00:25
Madluvyz
Up and up it goes. Just gonna benefit my put spread trade. Hehe.
iNkwiziTs
00:21
iNkwiziTs
Laggers 😜

Leave a comment

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The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon&#39;s budget, which led to a reduction in Intel&#39;s direct grant award, the person said.</p><p>Shares of Intel rose 3.55% in midday trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e5860e683950391e8d4fc02c23bf9fb7\" tg-width=\"745\" tg-height=\"612\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4585":"ETF&股票定投概念","BK4550":"红杉资本持仓","BK4529":"IDC概念","BK4579":"人工智能","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4141":"半导体产品","BK4512":"苹果概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4554":"元宇宙及AR概念","BK4575":"芯片概念","BK4588":"碎股","BK4515":"5G概念","BK4535":"淡马锡持仓","INTC":"英特尔","BK4527":"明星科技股"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2486031358","content_text":"Nov 25 (Reuters) - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon's budget, which led to a reduction in Intel's direct grant award, the person said.Shares of Intel rose 3.55% in midday trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374890102321312,"gmtCreate":1732551940033,"gmtModify":1732551944136,"author":{"id":"3569739151630202","authorId":"3569739151630202","name":"Madluvyz","avatar":"https://community-static.tradeup.com/news/30392e519fed686f03cdeb66fffae1d6","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":6,"crmLevelSwitch":1,"idStr":"3569739151630202","authorIdStr":"3569739151630202"},"htmlText":"Up and up it goes. Just gonna benefit my put spread trade. Hehe.&nbsp;","listText":"Up and up it goes. Just gonna benefit my put spread trade. Hehe.&nbsp;","text":"Up and up it goes. Just gonna benefit my put spread trade. Hehe.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374890102321312","repostId":2486031358,"repostType":4,"repost":{"id":"2486031358","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1732551471,"share":"https://ttm.financial/m/news/2486031358?lang=&edition=fundamental","pubTime":"2024-11-26 00:17","market":"us","language":"en","title":"Intel Rises 3% as It Expects Reduced U.S. Grant After Winning Defense Contract","url":"https://stock-news.laohu8.com/highlight/detail?id=2486031358","media":"Reuters","summary":"Nov 25  - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip ","content":"<html><head></head><body><p>Nov 25 (Reuters) - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.</p><p>The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.</p><p>But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon&#39;s budget, which led to a reduction in Intel&#39;s direct grant award, the person said.</p><p>Shares of Intel rose 3.55% in midday trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e5860e683950391e8d4fc02c23bf9fb7\" tg-width=\"745\" tg-height=\"612\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Rises 3% as It Expects Reduced U.S. Grant After Winning Defense Contract</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Rises 3% as It Expects Reduced U.S. Grant After Winning Defense Contract\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-26 00:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nov 25 (Reuters) - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.</p><p>The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.</p><p>But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon&#39;s budget, which led to a reduction in Intel&#39;s direct grant award, the person said.</p><p>Shares of Intel rose 3.55% in midday trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e5860e683950391e8d4fc02c23bf9fb7\" tg-width=\"745\" tg-height=\"612\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4585":"ETF&股票定投概念","BK4550":"红杉资本持仓","BK4529":"IDC概念","BK4579":"人工智能","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4141":"半导体产品","BK4512":"苹果概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4554":"元宇宙及AR概念","BK4575":"芯片概念","BK4588":"碎股","BK4515":"5G概念","BK4535":"淡马锡持仓","INTC":"英特尔","BK4527":"明星科技股"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2486031358","content_text":"Nov 25 (Reuters) - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon's budget, which led to a reduction in Intel's direct grant award, the person said.Shares of Intel rose 3.55% in midday trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374889314545768,"gmtCreate":1732551670204,"gmtModify":1732551673873,"author":{"id":"3569473957254831","authorId":"3569473957254831","name":"iNkwiziTs","avatar":"https://static.tigerbbs.com/7cfab89f2382be8e231dff17c4383110","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3569473957254831","authorIdStr":"3569473957254831"},"htmlText":"Laggers 😜","listText":"Laggers 😜","text":"Laggers 😜","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374889314545768","repostId":2486031358,"repostType":2,"repost":{"id":"2486031358","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1732551471,"share":"https://ttm.financial/m/news/2486031358?lang=&edition=fundamental","pubTime":"2024-11-26 00:17","market":"us","language":"en","title":"Intel Rises 3% as It Expects Reduced U.S. Grant After Winning Defense Contract","url":"https://stock-news.laohu8.com/highlight/detail?id=2486031358","media":"Reuters","summary":"Nov 25  - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip ","content":"<html><head></head><body><p>Nov 25 (Reuters) - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.</p><p>The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.</p><p>But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon&#39;s budget, which led to a reduction in Intel&#39;s direct grant award, the person said.</p><p>Shares of Intel rose 3.55% in midday trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e5860e683950391e8d4fc02c23bf9fb7\" tg-width=\"745\" tg-height=\"612\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Rises 3% as It Expects Reduced U.S. Grant After Winning Defense Contract</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Rises 3% as It Expects Reduced U.S. Grant After Winning Defense Contract\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-26 00:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nov 25 (Reuters) - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.</p><p>The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.</p><p>But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon&#39;s budget, which led to a reduction in Intel&#39;s direct grant award, the person said.</p><p>Shares of Intel rose 3.55% in midday trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e5860e683950391e8d4fc02c23bf9fb7\" tg-width=\"745\" tg-height=\"612\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4585":"ETF&股票定投概念","BK4550":"红杉资本持仓","BK4529":"IDC概念","BK4579":"人工智能","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4141":"半导体产品","BK4512":"苹果概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4554":"元宇宙及AR概念","BK4575":"芯片概念","BK4588":"碎股","BK4515":"5G概念","BK4535":"淡马锡持仓","INTC":"英特尔","BK4527":"明星科技股"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2486031358","content_text":"Nov 25 (Reuters) - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip subsidies rather than the Pentagon's budget, which led to a reduction in Intel's direct grant award, the person said.Shares of Intel rose 3.55% in midday trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":14,"commentSize":3,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486031358"}