Tag Archives: Intel’s
Google on the hot seat, Intel’s brutal year, and Elon Musk vs. Kamala Harris on space: Tech news roundup
Top Stories Tamfitronics Photo: Apu Gomes (Getty Images), Win McNamee (Getty Images), Jakub Porzycki/NurPhoto (Getty Images), Drew Angerer (Getty Images), Justin Sullivan (Getty Images), Phillip Faraone (Getty Images), Sean Gallup (Getty Images), Illustration: ChevroletElon MuskPhoto: Apu Gomes (Getty Images)According to SpaceX CEO Elon Musk, if Vice President Kamala Harris wins the 2024 presidential election, we can say goodbye to life as we know it — eventually.Read MorePresident Joe Biden announced in May a slew of new tariffs on Chinese goods, including electric vehicles. Photo: Win McNamee (Getty Images)President Joe Biden’s administration on Monday said it would propose banning the sale of imported Chinese-made software and so-called “smart cars” in the U.S. over safety concerns.Read MoreIllustration: ChevroletAutomotive manufacturer Chevrolet and the supermarket chain Erewhon have come together to launch a limited-edition EV-themed wellness beverage.Chevrolet’s (GM) 2025...
Intel’s stock is climbing — here’s why
Top Stories Tamfitronics In This StoryIntel’s (INTC) stock hasn’t had the best yearbut its shares closed on a high on Monday after news that it is eligible for more funding under the U.S. Chips and Science Act.Suggested ReadingFrom Nvidia to Apple, tech stocks could get a boost from Fed rate cuts, analysts saySuggested ReadingThe chipmaker’s shares closed up 6.3% on Monday at $20.91. During after-hours trading, its stock soared by over 10%. However, Intel’s shares are down around 56.2% so far this year.On Monday, the U.S. Department of Defense and U.S. Department of Commerce announced Intel had been awarded up to $3 billion in direct funding under a part of the Chips Act known as the Secure Enclave. The program is meant to expand manufacturing of cutting-edge chips for the U.S. government. The Defense Department...
