INTEL Outlook after the Dip. What to expect NOW ?

27 Sep

According to the Financial Times, Intel and the United States will finalize $8.5 billion in chip funding by the end of the year.

-(Reuters) - The Financial Times reported on Friday, citing people familiar with the discussions, that Intel and the U.S. government are likely to finalize $8.5 billion in direct funding for the chipmaker before the end of the year.

- The report stated that the negotiations were at an advanced stage, but there was no guarantee that it would be finalized before the end of 2024. It added that any acquisition of all or part of Intel’s (NASDAQ: INTC) business could risk disrupting the negotiations.

Intel and the U.S. Department of Commerce did not immediately respond to Reuters’ requests for comment.

- U.S. President Joe Biden awarded Intel nearly $20 billion in grants and loans in March to boost the company’s domestic semiconductor chip output.

- The preliminary agreement was for $8.5 billion in grants and up to $11 billion in loans for Intel in Arizona, where some of the funding will be used to build two new factories and modernize an existing one.

Qualcomm (NASDAQ: QCOM) has approached Intel to explore a potential acquisition of the troubled chipmaker.

- Once a dominant force in chipmaking, Intel ceded its manufacturing edge to rival Taiwan Semiconductor Manufacturing Co (TSMC) and failed to produce a widely desired chip for the generative AI boom capitalized on by Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD).

I expect that the price will grow very quickly...

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