Intel's stock rises as a big week for its manufacturing business kicks off
The Commerce Department continues to dole out money as part of the Chips Act, and Intel Corp. shares are rising premarket Tuesday as some investors appear hopeful the company will soon rake in serious funds. Intel INTC, -1.23% could receive upwards of $10 billion in subsidies consisting of both loans and direct grants, Bloomberg News reported late Friday. The report noted that the Biden administration was in talks about the funding, which would be the largest award made with money from the 2022 Chips and Sc ...