The Biden Administration on Monday awarded Intel Corp up to $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics, which are a critical component to a wide range of weapon systems and other national security products.

The Biden Administration on Monday awarded Intel Corp (INTC.O) up to $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics, which are a critical component to a wide range of weapon systems and other national security products.

Shares of Intel were up 5.7% after the announcement.

Does your company have shit quarter earnings? Our government will subsidise YOU :uncle-sam:

  • BobDole [none/use name]
    ·
    2 months ago

    The best part is that the DoD has never bought enough chips to make it worth any company’s while to jump through all their hoops, so it’s a short term cash injection that will bleed them more later.

    SMIC stays winning