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Intel Stock Jumps 3% Premarket as the Company in Talks for More Than $10 Billion in Chips Act Incentives

According to Bloomberg, the Biden administration is in talks to confer more than $10 billion in subsidies to Intel Corp., people familiar with the matter said, in what would be the largest award yet under a plan to bring semiconductor manufacturing back to US soil.Intel stock jumps nearly 3% in premarket trading.Intel’s award package is expected to include both loans and direct grants, according to the people, who asked not to be identified because the deliberations are private. They stressed th

Intel Stock Jumps 3% Premarket as the Company in Talks for More Than $10 Billion in Chips Act Incentives

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