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Intel Corporation (INTC)
After hours:
- Yahoo Finance Video
What the CHIPS Act, grants could look like under new Trump admin.
As the Biden administration attempts to hand out and adjust CHIPS & Science Act funding to chipmakers, what is the commentary from President-elect Donald Trump and his incoming administration around boosting domestic semiconductor production? Notably, the US is reportedly cutting Intel's (INTC) $8.5 billion chipmaking grant to below $8 billion as officials try to balance that with the $3.5 billion grant the company was awarded from the Pentagon. "It's worth remembering that it was the first Trump administration that devised the concept of trying to incentivize firms to build more in the US, the CHIPS act was first discussed in Congress under the Trump administration, the first investment of TSMC (TSM) — the Taiwanese company in Arizona — was announced under the first Trump administration," Tufts University professor of International History Christopher Miller tells Julie Hyman and Josh Lipton. "And so I wouldn't be surprised to see some small changes to the program. Specific grants might be amended, but the basic framework of trying to use financial incentives to get more chips made domestically, that's an idea the first Trump administration more or less came up with." The Chip War: The Fight for the World's Most Critical Technology author weighs in on the future of tariff policies and import-export controls, especially those targeting China, under a second Trump administration To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
US to reduce Intel's CHIPS grant to below $8 billion: NYT
The US is reducing its CHIPS & Science Act grant allotted to Intel (INTC) to below $8 billion, down from the originally proposed $8.5 billion, as officials account for the semiconductor giant's other $3 billion-plus grant for making chips for the Pentagon. The Morning Brief's Seana Smith and Brad Smith break down the New York Times report while Intel's stock moves to the upside this morning. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
