US Stock Market Move | Continuous good news, Intel Corporation (INTC.US) rose over 5%.
As of the time of writing, the stock has risen by over 5%, reaching $22.1.
On Tuesday, Intel Corporation (INTC.US) stock price rose, as of press time, the stock was up over 5%, trading at $22.1. Intel Corporation has been receiving positive news recently, not only finally meeting the qualifications to manufacture semiconductor components for the Pentagon, with a potential contract worth up to $3.5 billion to provide chips for the U.S. military, but also working on custom AI chips for Amazon.com, Inc.'s AWS, establishing a long-term product and wafer supply cooperation framework. Additionally, Intel Corporation plans to spin off its foundry business (IFS) as a subsidiary. Furthermore, Intel Corporation is striving to save cash flow by suspending projects at its factories in Poland and Germany for about two years and has already implemented over half of the plan to lay off 15,000 workers.
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