Intel Secures $3 Billion Grant for Military Chip Production
Monday, 16 September 2024, 12:01
Intel Corp. has officially announced that it is eligible to receive $3 billion in U.S. government funding under the Defense Department's Chips Act aimed at enhancing military chip production. This comes as a key strategic move to bolster the semiconductor supply chain domestically.
Intel's confirmation aligns with earlier reporting by Bloomberg, emphasizing the critical need for semiconductor independence in defense technologies.
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