Page 19 - Intel Corp News Today

US News: US President Joe Biden is set to visit Syracuse, New York, to reveal a preliminary deal with Micron Technology for up to $6.14 billion in subsidies fo

The back-and-forth motion in the market continues, with the index futures pointing to a lower opening on Thursday. Meta Platforms, Inc.’s (NASDAQ:META)

The U.S. plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories.

At a 1,000-acre site in Ohio, Intel Corp. (No. 1) is building a pair of semiconductor fabrication plants, or fabs, that promise to be part of an influx of new domestic production of leading-edge chips.

The funding award guarantees that Micron will proceed with its first cutting-edge manufacturing expansion in the US in more than 20 years.

The results were in line with the profit warning issued by the Israeli company at the start of the year.

Mobileye Global Inc (NASDAQ:MBLY) reported a fiscal first-quarter 2024 revenue decline of 48% year-on-year to $239.00 million, beating the consensus of $231.56 million. Adjusted EPS of $(0.07) missed the consensus loss of $(0.06). “The financial results in the first quarter reflect a supply chain reset as the excess inventory held by our customers is consumed. We are encouraged that the inventory drawdown and associated recovery in revenue appears to be on-track to what we laid out in Jan...

Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase

Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.

Here’s a full recap of CNBC’s 2024 Stock Draft: Charlotte Flair likes IBM, Eddie George picks Apple.