Intel posted details of the plan soon afterward, saying the administration would make an $8.9 billion investment in Intel common stock, paid for with the CHIPS grant money. The company said the stake would be funded with $5.7 billion in grants previously awarded but not yet paid, and $3.2 billion from a separate Defense Department program. It said…
Intel issued a conciliatory statement Monday following CEO Lip-Bu Tan‘s White House visit, emphasizing the company’s commitment to American technology leadership after President Trump‘s recent call for the executive’s resignation over alleged China ties.“Earlier today, Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel’s commitment to…
As federal funding cuts put the US at risk of losing its long-held scientific leadership, China launched an all-out innovation offensive – turbocharging its R&D budget to unprecedented levels, attracting top-tier global talent, and executing a systematic strategy to dominate the technologies of the future. These disruptive technologies include AI, humanoid robotics, and 6G-enabled communication…