​Intel Higher On Report Of $3.5 Billion Chip Deal With Pentagon  – Tyler Durden

Intel Higher On Report Of $3.5 Billion Chip Deal With Pentagon  Shares of American chipmaker Intel are marginally higher in premarket trading following a Friday evening Bloomberg report indicating the company could secure up to $3.5 billion in federal grants to manufacture chips for US military and intelligence applications. The report was based on sources familiar with the chipmaker’s binding agreement with US officials. They said the secretive Pentagon program, ‘Secure Enclave,’ that awarded Intel $3.5 billion, is a move by the military to produce chips domestically, more especially in several states, including a facility in Arizona.  Here’s more from Bloomberg:…  — Continue at ZeroHedge News : Read More