Intel stock has been experiencing a rough patch lately, with many investors losing faith in the semiconductor giant. However, according to top analyst Stacy Rasgon, now is not the time to buy. In a recent interview with TipRanks.com, Rasgon advised against investing in Intel stock, citing a number of reasons why it may not be a wise choice at the moment.
China has recently announced a ban on the use of processors from American tech giants Intel and AMD in government computers.
Intel CEO, Pat Gelsinger, recently spoke about the impact that grants from the Biden administration will have on the company’s future projects and initiatives. These grants are expected to bring new energy and resources to Intel, allowing the company to innovate and compete in an increasingly competitive market.
President Biden is set to announce a significant investment in Arizona next week, as sources report that a grant for the distribution of Intel chips will be revealed. This move marks a significant step towards bolstering the semiconductor industry in the United States.
:max_bytes(150000):strip_icc()/INV_IntelLogo_GettyImages-1246677564-8d57e801a11949bc8223a08114ada70c.jpg "Pentagon’s Decision to Pull .5B Grant Hits Intel Stock Hard")
Intel shares fell sharply on Thursday following news that the Pentagon had withdrawn a $2.5 billion grant to the company for the production of advanced semiconductor chips.
According to a recent US intelligence report, China’s economy is currently facing significant challenges that could have far-reaching consequences.
# Intel’s Delay Causes Frustration and Concern in Ohio
**New setback for Ohio’s manufacturing industry**
The United States government has announced its plans to provide significant financial support to chipmakers, including industry giants Intel and TSMC. This move aims to encourage the establishment of semiconductor manufacturing facilities within the country, striving to address the global chip shortage that has negatively impacted various sectors.
The Biden administration is anticipated to announce the awarding of subsidies to several major tech companies, including Intel and Taiwan Semiconductor Manufacturing Co. (TSMC), as part of its efforts to bolster domestic semiconductor production. The move comes as the United States aims to reduce its reliance on foreign chip manufacturing and strengthen its semiconductor supply chain.
