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Tech 5 Intelgets 8billion U Sgrant UB Ssays Swiggyisa Buyandmore

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. lion-u-sgrant-ub-ssays-swiggyisa-buyandmore.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  The grant, slightly lower than the initially announced $8.5 billion, reflects Intel's $3 billion contract with the Department of Defense, also funded by the CHIPS Act, CNBC reported on November 25. The award marks a key step in Intel's push to revitalise its US operations, despite ongoing challenges in its foundry business.
The article from Forbes India discusses several key developments in the tech industry. Intel has been awarded an $8.5 billion grant from the U.S. government to support its semiconductor manufacturing expansion, aiming to enhance domestic production capabilities. UBS has upgraded its rating on Swiggy, an Indian food delivery platform, to 'Buy' from 'Neutral', citing strong growth prospects and a robust market position. Additionally, the article touches on the increasing trend of AI integration in various sectors, with companies like Nvidia and AMD also making significant moves in AI technology. Furthermore, there's mention of regulatory scrutiny on tech giants, with the EU fining Apple for anti-competitive practices, and updates on the ongoing discussions around data privacy and cybersecurity.

Read the Full Forbes India Article at [ https://www.forbesindia.com/article/news/tech5-intel-gets-8-billion-us-grant-ubs-says-swiggy-is-a-buy-and-more/94706/1 ]