Express News | intel and the usa Department of Commerce are close to securing approximately 8 billion dollars in funding from the CHIP Act. (CNBC)
Sector Update: Tech Stocks Advance Premarket Monday
Doubts about the assistance bill, intel's "arm breaking" for survival: the urgent sale of real estate in two large parks in the usa.
Responding to the variability of the legislation.
Is it less than 8 billion US dollars? The Biden administration is reportedly considering reducing financial subsidies to intel.
1. The US government plans to reduce intel's federal chip subsidy from less than $8.5 billion to less than $8 billion; 2. Part of the reason is that intel has received a $3 billion military chip manufacturing contract, and intel's poor technical roadmap and customer demand are also reasons for the adjustment; 3. Intel's current plight is also a blow to the Biden administration's accelerated domestic chip manufacturing plan.
Sector Update: Tech
US stock market outlook: Dow futures hit a record high! Cryptocurrency concept stocks strengthen pre-market, MARA rises over 5%; Palantir rises 4% pre-market, opening momentum at a record high! Wade Bush raises target price.
Macy's performance announcement has been delayed, and it fell 8% before the market opened; Rocket Lab surged over 8% before the market opened, completing two rocket launches in a short period of time.