Intel Stock News

The Commerce Department calls it a “huge step” in strengthening the U.S. chip supply chain. Earlier this year, it had proposed up to $8.5 billion in grants to Intel.

Semiconductor maker Qualcomm Inc.'s interest in acquiring rival Intel Corp. is souring, Bloomberg News reported Monday night.

Qualcomm's interest in acquiring chipmaker Intel is said to have cooled, Bloomberg News reported on Monday, citing people familiar with the matter.

Zahlreiche Hürden bei der Übernahme des strauchelnden Rivalen Intel US4581401001 bringen den US-Halbleiterkonzern Qualcomm US7475251036 Kreisen zufolge ins Grübeln.

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.

Intel (INTC 3.25%) stock gained 4.1% through 9:45 a.m. ET Monday morning after CNBC reported this morning that the U.S. Commerce Department is close to awarding Intel an $8 billion subsidy to assist with expanding its semiconductor chip operations.

Beleaguered chipmaker Intel Corp (NASDAQ:INTC, ETR:INL) is losing half a billion dollars in government subsidies under US president Joe Biden's CHIPS and Science Act, according to a New York Times report. Intel has been the greatest benefactor of Biden's CHIPS Act, which allocated $39 billion in federal funding to enhance the US's domestic chipmaking capabilities.

Intel and the Commerce Department are close to finalizing a roughly $8 billion grant for the struggling chipmaker, according to a person familiar with the matter. The grant will support Intel's chip manufacturing expansion.