Intel $8.5 Billion Federal Chips Grant Faces Reduction
The U.S. government plans to cut Intel’s much-anticipated $8.5 billion federal chips grant to below $8 billion, according to The New York Times. The grant, part of the CHIPS and Science Act, was designed to bolster semiconductor production in the United States amidst growing competition with China. While Intel remains a critical player in the…
John David
Nvidia Suffers Billions in Losses as Market Value Plunge
Once the most valuable company in the world, Nvidia has suffered major setbacks in the last few months. The most recent one came on Tuesday when the company’s share plunged 9.5% or $279 billion. This marked the deepest single-day decline in the history of the US stock market. Analysts state that the main reason for…