Intel Corporation (INTC): $500M CHIPS Act Investment to Modernize Rio Rancho Fabs, Creating 4,300 Jobs

By Yahoo! Finance | Nov 27, 2024 at 06:03 AM EST

Intel Corporation (NASDAQ:INTC) is focusing on smart device technologies with a $500 million government grant to modernize facilities in Rio Rancho. Perplexity, an AI startup, plans to launch a $50 device for conversational search, backed by a potential $500 million funding round.

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