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Intel to get $3.5 billion infusion from U.S. gov't to make chips for military: Report
Intel could become the dominant player in the defense chips sector.
The U.S. government is set to invest $3.5 billion in Intel to boost the production of advanced chips for military and intelligence purposes, reports Bloomberg. The investment involves funding the Secure Enclave program for three years and is poised to make Intel a leading semiconductor player in the defense market. This funding announcement comes as the Commerce Department prepares to unveil multi-billion-dollar awards to leading chipmakers, including Intel, Micron, and Samsung.
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