CHIPS and Science Act

Donald Trump has been elected as the 47th president of the United States, defeating his Democratic opponent Kamala Harris. Here’s a look at where Trump stands on issues surrounding the technology sector and some of the biggest companies on Wall Street. Tariffs: President-elect Trump has...

On Tuesday, Nvidia rival Wolfspeed Inc. (NYSE:WOLF) and the U.S. Department of Commerce signed a preliminary memorandum of terms for up to $750 million in funding under the CHIPS and Science Act. This announcement led to a surge in Wolfspeed’s stock, which rose over 16% in pre-market trading...

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower Monday. The company has received a subpoena from the Department of Justice (DOJ) requesting information related to certain federal award applications.  The Details: According to a regulatory filing from last week, the DOJ subpoenaed...

Intel Corp (NASDAQ:INTC) is set to slash its workforce after receiving billions of dollars from the federal government. The tech giant said it plans to cut 15% of its workforce, or about 15,000 jobs, after it received $8.5 billion in grants from the U.S. government, Fox Business reported. The...

Two technology sector AI plays — Arista Networks Inc (NYSE:ANET) and Globalfoundries Inc (NASDAQ:GFS) — will be reporting their first-quarter earnings on Tuesday. Globalfoundries will report before the market opens, Arista will report after market hours. Arista Networks: Powering Ahead With AI...

The Biden administration aims to leverage the $280 billion CHIPS and Science Act to attract semiconductor companies focusing on digital twins, virtual representations of physical chips. According to The Verge, this initiative includes the establishment of the CHIPS Manufacturing USA institute,...