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Intel has been receiving bullish news! The Pentagon is expected to place a large order, Amazon becomes a customer, and the OEM business will be separate.
Intel is finally qualified to manufacture semiconductor components for the Pentagon and is expected to get a contract worth as much as 3.5 billion US dollars. At the same time, the company has reached an agreement with Amazon AWS to manufacture custom artificial intelligence chips for them, and to establish a multi-year product and wafer supply cooperation framework.
Did Intel secure a Pentagon order? Receives $3.5 billion in subsidies to produce chips for the US military.
① An insider revealed that Intel has officially qualified for a federal funding of up to $3.5 billion to produce semiconductors for the US military; ② The project is called "Secure Enclave", and Intel will manufacture advanced chips for military and intelligence applications; ③ The funding mentioned above comes from the "Chip and Science Act" funding project managed by the US Department of Commerce.
Express News | German Economy Minister Haibek talks about intel's suspension of the construction of the German factory: This is purely a business decision, due to intel's need for funding.
Express News | German Economy Minister Habeck on Intel Pausing German Plant Construction: This Was Purely a Business Decision Due to Intel's Need for Money
Bernstein Maintains Intel(INTC.US) With Hold Rating, Maintains Target Price $25
Bernstein analyst Stacy Rasgon maintains $Intel(INTC.US)$ with a hold rating, and maintains the target price at $25.According to TipRanks data, the analyst has a success rate of 63.1% and a total
Wind River Unveils Game-Changing Enterprise Linux Offering for AI and Critical Workloads