To The Moon

Oct 7 - Intel Corp : * INTEL - INFLECTION AI LAUNCHING INFLECTION FOR ENTERPRISE, AN AI SYSTEM POWERED BY INTEL GAUDI & INTEL TIBER AI CLOUD * INTEL: INFLECTION FOR ENTERPRISE WILL BE SHIPPED TO CUSTOMERS IN Q1 2025Source text for Eikon: Further company coverage:

Shares in Intel rose after the company secured $3.5 billion in grants to produce semiconductors for the Pentagon, according to a Bloomberg report.Shares were up 2% in premarket trading at $20.07.The funding, which could be officially announced this week, is aimed at the development of advanced chips with military and intelligence applications, Bloomberg reported Friday.The technology company was already awarded up to $8.5 billion in grants under President Joe Biden's Chips and Science Act in March, with the government seeking to bolster the country's semiconductor sector.

SummaryIntel lost PlayStation 6 chip contract to AMD in 2022, sources sayDispute over profit margins blocked Intel-Sony deal, sources sayPlayStation deal could have generated $30 billion in revenue, s

Chipmaker has been struggling to bolster its factory businessFunding will support facilities in Arizona and other US statesIntel Corp. has officially qualified for as much as $3.5 billion in federal g