Pentagon’s Decision to Pull $2.5B 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Intel shares fell sharply on Thursday following news that the Pentagon had withdrawn a $2.5 billion grant to the company for the production of advanced semiconductor chips.
Intel shares fell sharply on Thursday following news that the Pentagon had withdrawn a $2.5 billion grant to the company for the production of advanced semiconductor chips.
The Pentagon has recently unveiled its updated cost estimates for the implementation of the Cybersecurity Maturity Model Certification (CMMC) across its supply chain. This new information sheds light on the financial implications of the CMMC program, which aims to enhance the cybersecurity posture of defense contractors and safeguard sensitive defense information.