Intel has struck a major chip deal with America, according to recent reports. Under this agreement, the company will provide high-level chip supply for the operations of the American military and intelligence agencies.
With the approval decision passed by the legislature in recent days, Intel has become one of the most important companies in the country’s defense sector. Additionally, the agreement worth a staggering 3.2 billion euros is expected to significantly increase the company’s stock value. This could potentially reshape the chip sector. Here are all the details…
A monumental agreement has been reached between Intel and America!
As part of the Chip and Technology Regulation implemented by the US government, many chip companies, including Intel, are receiving billions of dollars in incentives to manufacture in the country. With the increasing demand for chip technology driven by artificial intelligence, the government is expected to enter into a cooperation agreement with Chipzilla worth approximately 3 billion euros.
With this latest investment, Intel is expected to receive a total of 9.2 billion euros from the incentive package. While officials have refrained from making any comments on the matter, it seems that 2024 has started off quite well for the company. It’s known that alongside domestic chip firms, international companies like TSMC are also receiving large sums of money for operating in the country. It’s believed that all these developments will have a positive impact on the chip sector.
What are your thoughts on this matter? Do you think America’s chip strategy is correct? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.
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